Consider an economy that is populated by many risk-neutral entrepreneurs (whose population is normalized to be 1)

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Consider an economy that is populated by many risk-neutral entrepreneurs (whose population is normalized to be 1) and many risk-neutral banks.

Each entrepreneur has a project which needs initial investment $k$ , but she only has her own wealth \(W

Assume that \(0

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The Economics Of Banking

ISBN: 9780367405724

1st Edition

Authors: Jin Cao

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Question Posted: Apr 17, 2024 02:00 PM

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Consider an economy that is populated by many risk-neutral entrepreneurs (whose population is normalized to be 1)

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The Economics Of Banking

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