Online Appendix for “External Financing and Customer Capital: A Financial Theory of Markups”
14 Pages Posted:
Date Written: July 30, 2020
This is the supplemental material to the paper titled "External Financing and Customer Capital: A Financial Theory of Markups." It includes additional empirical, theoretical, and quantitative results. It also includes illustration for the numerical algorithm for our model solution.
Keywords: Markups, Customer base, External financing costs, Monopolistic competition, Corporate liquidity, Industry dynamics.
JEL Classification: E31, G32, G35, L13
Suggested Citation: Suggested Citation