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- W757007645 abstract "Abstract This study considers how to implement an efficient allocation of a financial intermediation model, including liquidation costs. The main result shows that there is a mechanism such that, for any liquidation cost, an efficient allocation is implementable in strictly dominant strategies. There is no need for third-party assistance, such as deposit insurance. In addition, the mechanism is tolerant of a small, unexpected shock caused by premature withdrawals." @default.
- W757007645 created "2016-06-24" @default.
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- W757007645 date "2015-01-01" @default.
- W757007645 modified "2023-09-26" @default.
- W757007645 title "On Run-preventing Contract Design" @default.
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- W757007645 doi "https://doi.org/10.1515/bejte-2014-0007" @default.
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