Harsh default penalties lead to Ponzi schemes (Q1002339)

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Harsh default penalties lead to Ponzi schemes
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    title
    Harsh default penalties lead to Ponzi schemes (English)
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    author
    Mario Rui Pascoa
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    Abdelkrim Seghir
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    publication date
    25 February 2009
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    zbMATH DE Number
    5518829
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    zbMATH Keywords
    equilibrium
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    incomplete markets
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    default
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    collateral
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    utility penalties
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    Ponzi schemes
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