Harsh default penalties lead to Ponzi schemes: a counterexample (Q417701)
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scientific article; zbMATH DE number 6034665
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Harsh default penalties lead to Ponzi schemes: a counterexample |
scientific article; zbMATH DE number 6034665 |
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Harsh default penalties lead to Ponzi schemes: a counterexample (English)
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14 May 2012
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infinite horizon economies
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default penalties
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collateral
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Ponzi schemes
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pessimistic expectations
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no-trade
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