Explicit Lagrange multiplier for firms facing a debt ceiling constraint

作者： Jean-Bernard Chatelain

DOI: 10.1016/S0165-1765(99)00270-0

关键词: Ceiling (cloud) 、 Economics 、 Credit rationing 、 Mathematical optimization 、 Euler's formula 、 Debt 、 Lagrange multiplier

摘要: Abstract This paper provides the explicit expression of investment facing a binding debt ceiling and Lagrange multipliers related to constraint. result allows us check for misspecification parameterizations these used in Euler equations tests during 1990’s.

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