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A dynamic model of entrepreneurship with borrowing constraints: theory and evidence

✍ Scribed by Francisco J. Buera

Publisher
Springer
Year
2009
Tongue
English
Weight
341 KB
Volume
5
Category
Article
ISSN
1614-2446

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## Abstract Price discovery is an essential function performed by derivative markets. For a derivative exchange, its markets' ability to incorporate information into prices to β€œderive” the underlying asset's value is a key objective of market design. The J. Hasbrouck (1991a) model is applied to exa