How Good are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment

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1 December 1993

preprint
Published by Federal Reserve Bank of Minneapolis

DOI:10.21034/wp.512

Abstract

How Good are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment

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Published version: The Journal of Business, 67 (4), 539.