Long-lived collateralized assets and bubbles

DOI10.1016/j.jmateco.2010.12.007zbMath1242.91073MaRDI QIDQ433137

Juan Pablo Torres-Martínez, Aloisio Pessoa de Araujo, Mario Rui Pascoa

Publication date: 13 July 2012

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: http://www.econ.uchile.cl/uploads/publicacion/2417b908-0743-4f10-aa5a-4fe13811d8a3.pdf

zbMATH Keywords

existence of equilibrium; asset pricing bubbles; collateralized assets

Mathematics Subject Classification ID

91B24: Microeconomic theory (price theory and economic markets)

Related Items

Rational asset pricing bubbles and debt constraints, Equilibrium in collateralized asset markets: credit contractions and negative equity loans, Fiat money and the value of binding portfolio constraints, Portfolio constraints, differences in beliefs and bubbles, Financial segmentation and collateralized debt in infinite-horizon economies, Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints, Equilibrium with limited-recourse collateralized loans, Asset bubbles and efficiency in a generalized two-sector model, Arbitrage Theory with State-Price Deflators

Cites Work

• Fiat money and the value of binding portfolio constraints
• A derivative-coderivative inclusion in second-order nonsmooth analysis
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Complete and incomplete markets with short-sale constraints
• Endogenous collateral
• Competitive equilibria for infinite-horizon economies with incomplete markets
• A Difficulty with the Optimum Quantity of Money
• Rational Asset Pricing Bubbles
• Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
• Collateral Avoids Ponzi Schemes in Incomplete Markets