Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes
---- Acknowledgements ----
We thank H. Cole, L. Hansen, A. Hortacsu, P. Lavergne, E. Ligon, T. Magnac, D. Neal, W. Newey, W. Rogerson, S. Schulhofer-Wohl, K. Wolpin, Q. Vuong, and audiences at Berkeley, Chicago, Duke, MIT, Northwestern, Penn, Toulouse, Stanford, UCSB, the SED conference, the European Meeting of the Econometric Society, and the Vienna Macroeconomics Workshop for many insightful comments and suggestions. Financial support from the NSF, NICHD, SSHRC, the John Templeton Foundation and the Bill and Melinda Gates Foundation through a grant to the Consortium on Financial Systems and Poverty at the University of Chicago is gratefully acknowledged. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.