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Specialized Inputs and Secondary Markets

Holmström Bengt and Tirole Jean

in Inside and Outside Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262015783
eISBN:
9780262295536
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262015783.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

The incentives for uncoordinated investments in specialized assets or widgets that can be used to rescue the operations of financially constrained agents are examined in this chapter. The chapter ... More


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