Harsh default penalties lead to Ponzi schemes: A counterexample
Date
2012Dewey
Economie financièreSujet
Infinite horizon economies; Default penalties; Collateral; Ponzi schemes; Pessimistic expectations; No-tradeJEL code
D52; D91Journal issue
Games and Economic BehaviorVolume
75Number
1Publication date
2012Article pages
277-282Publisher
ElsevierCollections
Metadata
Show full item recordAuthor
Martins-da-Rocha, Victor-Filipe
Vailakis, Yiannis