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This asymmetric disciplining effect is robust to allowing for short selling because pessimists that borrow the asset face a similar endogenous constraint.
Since pessimists do not value the collateral as much as optimists do, they are reluctant to lend, which provides an endogenous constraint on optimist's ability to borrow and to influence asset prices.
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Technology adoption rates in economic models are governed by exogenous and endogenous constraints.
We also discuss implications of our model for optimal security design and endogenous financing constraints.
Because labor allocation both to production and potentially to government of the economy is endogenous, the only constraint in the society is its population, so that the natural money-metric is labor.
Moreover, optimal contracts can include a boundary part (i.e., the endogenous, type dependent participation constraint is binding), which is not a copy of the outside option of no contract.
To establish whether an excessive inhibitory constraint on endogenous calcineurin in this balance may have a deleterious impact on learning and memory in DS, we examined the effect of genetically overexperessing RCAN1, and we have applied well-established mouse behavioral tests addressing hippocampal function.
The "mechanism of vertical constraints" is endogenous in the governance structure of political centralization and administrative decentralization.
However, technical challenges associated with exogenous fluorescent labeling combined with limited endogenous fluorescent molecules place a constraint on the number of assayable molecules within a single cell.
Moreover, various constraints (e.g., endogenous soil microbial populations, soil composition, porosity and aeration, root rhizodeposition, etc).
They do not include community's restrictions, such as willingness-to-pay, consumption level, budget constraints or its particular (endogenous) value of lost load.
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