Production, bankruptcy, and financial policies under collateral constraints

DOI10.1016/j.mathsocsci.2021.03.010zbMath1471.91271OpenAlexW3153524288MaRDI QIDQ2236204

Jaime Orrillo, Miguel A. León-Ledesma

Publication date: 22 October 2021

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.mathsocsci.2021.03.010

zbMATH Keywords

defaultgeneral equilibriumincomplete marketsproduction economy

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) General equilibrium theory (91B50) Corporate finance (dividends, real options, etc.) (91G50)

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Cites Work

• Collateral equilibrium. I: A basic framework
• Idiosyncratic risk and financial policy
• The macroeconomics of Modigliani-Miller
• Production and financial policies under asymmetric information
• An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities
• Incomplete markets, continuum of states and default
• Prices and investment with collateral and default
• Endogenous collateral
• General equilibrium in CLO markets
• Equilibrium with Default and Endogenous Collateral
• Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks
• Dynamic Competitive Economies with Complete Markets and Collateral Constraints
• Default and Punishment in General Equilibrium1
• A Social Equilibrium Existence Theorem*