The American Economic Review, Volume 95

agent aggregate asset assumption Atlantic trade auction average bank behavior beliefs cash flows changes choice coefficient constraint consumption growth contract costs countries cycle debt double auction dummy effect endowment effect equation equilibrium estimates ethnic ethnic fractionalization ex ante expected payoff export firm firm's formateur free cash flow function h₁ heterogeneity higher households human capital implies incentive increase intensive margin interactions interest rate investment Journal of Economics keiretsu Lemma loans marginal match measure ment nomic observed optimal output p-value panel paper percent period polarization political precautionary saving preferences production profits Proposition ratio rational expectations regression reported rural second-price auction Section securities seller shocks signaling games strategic play subjects sunspot sunspot equilibrium Table teams theory tion United utility variable voting weight wage workers zero