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Optimal liquidation rule and debt in the principal-agent model

✍ Scribed by Chun Chang; Yijiang Wang


Book ID
116101513
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
286 KB
Volume
40
Category
Article
ISSN
0165-1765

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The Optimal Level of Debt in an OLG Mode
✍ Luca Spataro; Luciano Fanti πŸ“‚ Article πŸ“… 2011 πŸ› John Wiley and Sons 🌐 English βš– 259 KB

## Abstract In the present work we extend Diamond’s OLG model by allowing for endogenous fertility and look at the consequences of such an extension on the rules for optimal public debt issuing. In particular, we show that the condition according to which the rate of growth of population should be