Credit and Efficiency in Centralized and Decentralized Economie

download Credit and Efficiency in Centralized and Decentralized Economie

of 16

Transcript of Credit and Efficiency in Centralized and Decentralized Economie

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    1/16

    The Review of Economic Studies, Ltd.

    Credit and Efficiency in Centralized and Decentralized EconomiesAuthor(s): M. Dewatripont and E. MaskinReviewed work(s):Source: The Review of Economic Studies, Vol. 62, No. 4 (Oct., 1995), pp. 541-555

    Published by: Oxford University PressStable URL: http://www.jstor.org/stable/2298076 .

    Accessed: 07/03/2012 17:59

    Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

    JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of

    content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms

    of scholarship. For more information about JSTOR, please contact [email protected].

    Oxford University Press and The Review of Economic Studies, Ltd. are collaborating with JSTOR to digitize,

    preserve and extend access to The Review of Economic Studies.

    http://www.jstor.org

    http://www.jstor.org/action/showPublisher?publisherCode=ouphttp://www.jstor.org/stable/2298076?origin=JSTOR-pdfhttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/page/info/about/policies/terms.jsphttp://www.jstor.org/stable/2298076?origin=JSTOR-pdfhttp://www.jstor.org/action/showPublisher?publisherCode=oup
  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    2/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    3/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    4/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    5/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    6/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    7/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    8/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    9/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    10/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    11/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    12/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    13/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    14/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    15/16

  • 7/30/2019 Credit and Efficiency in Centralized and Decentralized Economie

    16/16