organization capital. Theory suggests that where plants are in the life cycle determines the size of the payments, or dividends …, plant owners receive from organization capital. These payments are compensation for the interest cost to plant owners of … payments plant owners receive from physical capital, net of new investment, and more than 40% of payments from all forms of …

A Beckerian model of household production is developed to study the allocation of capital and time between market and … the market, labor interacts with business capital to produce market goods and services, and likewise at home the remaining … time, leisure, is combined with household capital to produce home goods and services. The theoretical model presented is …

We construct a model where capital competes with fiat money as a medium of exchange, and we establish conditions on … fundamentals under which fiat money can be both valued and socially beneficial. When the socially efficient stock of capital is too … Rule, fiat money provides just enough liquidity so that agents choose to accumulate the same capital stock a social planner …

Capital accumulation and creative destruction is modeled together with risk-averse households. The novel aspect …

are relaxed, the empirical support for the CAPM is very strong. When human capital is also included in measuring wealth …

reputation models cannot support debt. We argue that these standard reputation models are partial in the sense that actions of …. We show that our general model of reputation can support large amounts of debt. …

in the growth process, as described by Gurley and Shaw. According to them, self-financed capital investment first gives … way to debt finance and later to the emergence of equity as an additional instrument for raising funds externally. As the … economy develops further, the aggregate ratio of debt to equity will generally fall. We analyze that portion of their account …

), except that we let the government default on its debt. As a benchmark, we consider Ramsey equilibria in which the government … with positive debt can be supported by such trigger mechanisms. …

This paper presents a government debt game with the property that if the timing of debt auctions within a period is … debt structure is identical to the set of equilibrium outcome paths given the government can issue only one-period debt. …