More punishment, less default?

DOI10.1007/S10436-012-0203-4zbMATH Open1298.91180OpenAlexW2097934290MaRDI QIDQ470601FDOQ470601

Authors: Erwan Quintin 

Publication date: 12 November 2014

Published in: Annals of Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10436-012-0203-4

Recommendations

• Deterrence: increased enforcement versus harsher penalties
• Default and Punishment in General Equilibrium1
• Why higher punishment may reduce deterrence
• Harsh default penalties lead to Ponzi schemes: a counterexample
• Do economists punish less?
• Harsh default penalties lead to Ponzi schemes
• The certainty versus the severity of punishment, repeat offenders, and stigmatization
• The truth about defaults
• PENALTIES WITHIN THE MORAL HAZARD PROBLEM
• Are leniency programs too generous?

zbMATH Keywords

defaultgeneral equilibriumrecourse

Mathematics Subject Classification ID

Credit risk (91G40) General equilibrium theory (91B50) Economic growth models (91B62)

Cites Work

• The central role of the propensity score in observational studies for causal effects
• Default and Punishment in General Equilibrium1
• Endogenous collateral
• Incomplete markets, continuum of states and default
• Default Probabilities for Mortgages
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

Cited In (6)

• On existence in equilibrium models with endogenous default
• Interest rates and default in unsecured loan markets
• Should I default on my mortgage even if I can pay? Experimental evidence
• Savings and default
• Recourse loans and Ponzi schemes
• The optimal exclusion length of borrowers after default

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