The impossibility of effective enforcement mechanisms in collateralized credit markets
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Publication:972376
DOI10.1016/j.jmateco.2009.12.004zbMath1280.91071MaRDI QIDQ972376
Juan Pablo Torres-Martínez, Thiago Revil T. Ferreira
Publication date: 25 May 2010
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jmateco.2009.12.004
91B24: Microeconomic theory (price theory and economic markets)
91B26: Auctions, bargaining, bidding and selling, and other market models
Related Items
On Ponzi schemes in infinite horizon collateralized economies with default penalties, Equilibrium with limited-recourse collateralized loans, Endogenous debt constraints in collateralized economies with default penalties
Cites Work
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- Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
- Collateral Avoids Ponzi Schemes in Incomplete Markets