Browsing Department of Economics (ECO) by Subject "K21"
Title:Systematic bailout guarantees and tacit coordination Author(s):BERTSCH, Christoph; CALCAGNO, Claudio A.; LE QUEMENT, MarkDate:2014Citation:The B.E. journal of economic analysis and policy, 2014, Vol. 15, No. 1, pp. 1–36Type:ArticleAbstract:Both the academic literature and the policy debate on systematic bailout guarantees and Government subsidies have ignored an important effect: in industries where firms may go out of business due to idiosyncratic shocks, ...