Making promises in infinite-horizon economies with default and collateral

DOI10.1016/J.MATCOM.2009.02.003zbMATH Open1189.91093OpenAlexW1983460913MaRDI QIDQ2390403FDOQ2390403

Authors: Jaime Orrillo 

Publication date: 22 July 2009

Published in: Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.matcom.2009.02.003

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zbMATH Keywords

incomplete marketsinfinite horizoncontinuum of statesexogenous collateral

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• Competitive equilibria for infinite-horizon economies with incomplete markets
• On the optimality of equilibrium when the market structure is incomplete
• Default and Punishment in General Equilibrium1
• The existence of security market equilibrium with a non-atomic state space
• Infinite Horizon Incomplete Markets
• Collateral Avoids Ponzi Schemes in Incomplete Markets
• Incomplete markets, continuum of states and default
• Dept constraints and equilibrium in infinite horizon economies with incomplete markets
• A new proof of the existence of equilibrium in incomplete market economies
• INFINITE HORIZON INCOMPLETE MARKETS WITH A CONTINUUM OF STATES
• Self-fulfilling equilibria: An existence theorem for a general state space
• Default and exogenous collateral in incomplete markets with a continuum of states
• INCOMPLETE MARKETS IN INFINITE HORIZON: DEBT CONSTRAINTS VERSUS NODE PRICES¹

Cited In (3)

• Financial segmentation and collateralized debt in infinite-horizon economies
• Collateral once again
• Wealth transfers and the role of collateral when lifetimes are uncertain

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