Security design without verifiable retention

DOI10.1016/J.JET.2021.105381zbMath1484.91483OpenAlexW3214581244MaRDI QIDQ2123163

Yanyan Li

Publication date: 8 April 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2021.105381

zbMATH Keywords

adverse selectionmarket segmentationtransparencycompetitive searchcollateralized debt obligationresidential mortgage-backed security

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20)

Cites Work

• Liquid bundles
• Financial market innovation and security design: An introduction
• Equilibria and Pareto optimal of markets with adverse selection
• Leverage dynamics and credit quality
• Nonexclusive Competition in the Market for Lemons
• Adverse Selection in Competitive Search Equilibrium
• Equilibrium Selection in Signaling Games
• Adverse Selection and Liquidity Distortion
• Asset Markets With Heterogeneous Information
• A Liquidity-based Model of Security Design
• Strategic Liquidity Supply and Security Design

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