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dc.contributor.authorRojas Breu, Mariana
dc.date.accessioned2011-10-28T13:34:00Z
dc.date.available2011-10-28T13:34:00Z
dc.date.issued2013
dc.identifier.issn0095-2583
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/7353
dc.language.isoenen
dc.subjectcredit
dc.subjectrisk sharing
dc.subjectMoney
dc.subjectlimited participation
dc.subject.ddc339en
dc.subject.classificationjelE41en
dc.subject.classificationjelE51en
dc.titleThe welfare effect of access to credit
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenI present a model in which credit and outside money can be used as means of payment in order to analyze how access to credit affects welfare when credit marketsfeature limited participation. Allowing more agents to use credit has an ambiguous effect on welfare because it may make consumption-risk sharing more inefficient. I calibrate the model using U.S. data on credit-card transactions and show that the increase in access to credit from 1990 to the near present has had a slightly negative impact on welfare.
dc.relation.isversionofjnlnameEconomic Inquiry
dc.relation.isversionofjnlvol51
dc.relation.isversionofjnlissue1
dc.relation.isversionofjnldate2013
dc.relation.isversionofjnlpages235-247
dc.relation.isversionofdoihttp://dx.doi.org/10.1111/j.1465-7295.2011.00416.x
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherWestern Economic Association International etc.
dc.subject.ddclabelMacroéconomieen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2016-08-31T10:21:18Z


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