\begin{table}[htbp]
\centering
\footnotesize
\caption{Stationary equilibria across credit, supply, segmentation and bequest scenarios}
\label{tab:scenarios}
\resizebox{\textwidth}{!}{%
\begin{tabular}{lcccccccccccc}
\toprule
Scenario & Eq. & $p^*$ & $\rho/p$ & Own. & Own.\ $<$35 & $\hat a_1$ & $q_{RO}$ & $q_{OO}$ & rank--rank & Gini & gift \\
\midrule
Baseline ($\theta=0.20$, $\varepsilon=1$) & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
$\theta = 0.05$ & GE & 1.005 & 0.039 & 0.640 & 0.409 & 0.56 & 0.38 & 0.57 & 0.33 & 0.55 & 0.39 \\
$\theta = 0.10$ & GE & 1.005 & 0.039 & 0.639 & 0.401 & 0.58 & 0.37 & 0.56 & 0.33 & 0.54 & 0.39 \\
$\theta = 0.30$ & GE & 0.992 & 0.039 & 0.625 & 0.353 & 0.49 & 0.32 & 0.52 & 0.34 & 0.54 & 0.39 \\
$\theta = 0.40$ & GE & 0.987 & 0.039 & 0.619 & 0.333 & 0.55 & 0.30 & 0.51 & 0.34 & 0.54 & 0.39 \\
$\theta = 0.05$, prices fixed & PE & 1.000 & 0.039 & 0.657 & 0.429 & 0.52 & 0.38 & 0.58 & 0.33 & 0.54 & 0.39 \\
$\theta = 0.40$, prices fixed & PE & 1.000 & 0.039 & 0.596 & 0.304 & 0.59 & 0.28 & 0.49 & 0.33 & 0.54 & 0.39 \\
DSTI cap $\psi = 0.30$ & GE & 0.991 & 0.039 & 0.627 & 0.362 & 0.59 & 0.36 & 0.53 & 0.33 & 0.54 & 0.39 \\
DSTI cap $\psi = 0.50$ & GE & 1.006 & 0.039 & 0.634 & 0.382 & 0.46 & 0.34 & 0.53 & 0.33 & 0.54 & 0.39 \\
$\varepsilon = 0.05$ (near-fixed supply) & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
$\varepsilon = 0.25$ & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
$\varepsilon = 0.5$ & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
$\varepsilon = 2$ & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
No segmentation ($\sigma = 0$) & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
Half segmentation ($\sigma = 0.5$) & GE & 1.000 & 0.039 & 0.631 & 0.378 & 0.49 & 0.35 & 0.54 & 0.34 & 0.54 & 0.39 \\
Bequests off ($\nu = 0$) & GE & 0.931 & 0.039 & 0.581 & 0.188 & 0.32 & 0.38 & 0.38 & \ensuremath{-}0.01 & 0.58 & 0.00 \\
Bequests halved ($\nu = 1$) & GE & 0.981 & 0.039 & 0.615 & 0.325 & 0.44 & 0.37 & 0.49 & 0.25 & 0.55 & 0.26 \\
Transfer tax 20\% (rebated) & GE & 1.005 & 0.039 & 0.642 & 0.461 & 0.51 & 0.39 & 0.57 & 0.28 & 0.53 & 0.28 \\
Transfer tax 50\% (rebated) & GE & 0.999 & 0.039 & 0.639 & 0.482 & 0.48 & 0.43 & 0.55 & 0.16 & 0.52 & 0.12 \\
Bequests off, prices fixed & PE & 1.000 & 0.039 & 0.512 & 0.106 & 0.48 & 0.36 & 0.36 & 0.00 & 0.59 & 0.00 \\
\bottomrule
\end{tabular}}
\begin{minipage}{\textwidth}\footnotesize\vspace{2pt}
GE = general equilibrium (prices, estate lottery and rebate re-solved; supply scales fixed at the baseline normalisation); PE = partial equilibrium with prices fixed at the baseline (household block and distribution re-solved). $^{\dagger}$ = not converged to tolerance (residuals in results/data/diagnostics.csv). $\rho/p$ = annual rent--price ratio; $\hat a_1$ = age-1 ownership-entry threshold at the median productivity state (5-year income units); $q_{RO}$, $q_{OO}$ = probability that the child owns at 35--39 given the parent's tenure at the gift; rank--rank = slope of the child's net-worth rank on the parent's (both at 55--59); gift = mean transfer received at entry. Source files: results/data/group/name.json.
\end{minipage}
\end{table}