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Credit Constraints in General Equilibrium: Experimental Results Author info | Abstract | Publisher info | Download info | Related research | Statistics Bosch-Domenech, Antoni
Silvestre, Joaquim
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The authors' work attempts to investigate the influence of credit tightness or expansion on activity and relative prices in a multimarket set-up. They report on some double-action, two-market experiments where subjects had to satisfy an inequality involving the use of credit. The experiments display two regimes, characterized by high and low credit availability. The authors' main results are that changes in the availability of credit: (1) have minor and unsystematic effects on quantities and relative prices in the high-credit regime; and (2) have substantial effects, both on quantities and relative prices, in the low-credit regime. Copyright 1997 by Royal Economic Society.
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Article provided by Royal Economic Society in its journal The Economic Journal .
Volume (Year): 107 (1997)
Issue (Month): 444 (September)
Pages: 1445-64
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Handle: RePEc:ecj:econjl:v:107:y:1997:i:444:p:1445-64Contact details of provider: Web page: http://www.res.org.uk/ More information through EDIRC
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Paper Bosch-Domenech, A. & Silvestre, J., 1995.
"Credit Constraint in General Equilibrium: Experimental Results ,"
Papers
95-07, California Davis - Institute of Governmental Affairs.
Antoni Bosch-Domènech & Joaquim Silvestre, 1996.
"Credit Constraints in General Equilibrium: Experimental Results ,"
Economics Working Papers
105, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!] Bosch-Domenech, A. & Silvestre, J., 1995.
"Credit Constraint in General Equilibrium: Experimental Results ,"
Department of Economics
95-07, California Davis - Department of Economics.
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