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BE Seminar

Economics and Finance, Experimental and Behavioural Seminar

Credit limits and heterogeneity in general equilibrium models with a finite number of agents

Speaker

Ngoc-Sang Pham
Assistant Professor at Montpellier Business School (MBS)

Website

We introduce two-period general equilibrium models with heterogeneous producers and financial frictions. Any agent can borrow to realize their productive project but the debt repayment does not exceed a fraction (so-called credit limit) of the project’s value. Our framework allows us to investigate the aggregate and distributional effects of credit limits and heterogeneity of agents. The connection between credit limits, welfare, and efficiency is also explored.

Practical information

Location

UMR CEE-M
Université Montpellier - Faculté d'économie, salle 416
Avenue Raymond Dugrand 34960 Montpellier

Dates & time

Dec 13, 2018
14:30
13
Dec

Contact

Marc Willinger
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