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I propose a theory of debt maturity as an incentive device to motivate innovation when contracts are fundamentally … when contracts are incomplete. I show how an appropriate choice of debt maturity, together with ex-post contract …
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market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …. -- Transition ; convergence ; market structure ; competition ; enterprise finance ; enterprise restructuring …
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