Prices and investment with collateral and default

DOI10.1016/J.JEDC.2014.10.002zbMath1402.91158OpenAlexW3121672891MaRDI QIDQ1623988

Martine Quinzii, Michael J. P. Magill

Publication date: 15 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://escholarship.org/uc/item/9s20220c

zbMATH Keywords

collateraldefaultoverlapping generationsdurable goodasymmetric impulse response functionsgolden rule steady state

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (2)

Production, bankruptcy, and financial policies under collateral constraints ⋮ Should I default on my mortgage even if I can pay? Experimental evidence

Cites Work

• Collateral equilibrium. I: A basic framework
• Regulating collateral-requirements when markets are incomplete
• Wealth transfers and the role of collateral when lifetimes are uncertain
• Harsh default penalties lead to Ponzi schemes
• Gross substitutability in large-square economies
• Equilibrium with limited-recourse collateralized loans
• Endogenous collateral
• Equilibrium with Default and Endogenous Collateral
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
• Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
• Collateral Avoids Ponzi Schemes in Incomplete Markets

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