The American Economic Review, Volume 94

agents analysis assets associated assume assumption average bank behavior candidate cash changes choose coefficient college share column condition consider contract contributions correlation cost decision depends distribution Economic effect elect entrepreneurs equation equilibrium estimated example exists expected favors Figure firms follows foreign function given grade higher household human capital important incentives increase individual industry inputs interest investment Italy Journal less limit liquidity loan measure Note observed obtain offer opportunity optimal panel patents percent period plants pool positive possible probability problem productivity PROOF PROPOSITION received refer reform reported returns risk sample sector significant social capital spillovers standard statistically Table tion trade credit turn University variables volatility voters workers