Bancruptcy in a model of unsecured claims.

DOI10.1007/s001990100228zbMath1063.91017OpenAlexW1989677999MaRDI QIDQ1852671

Aloisio Pessoa de Araujo, Mario Rui Pascoa

Publication date: 2002

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990100228

zbMATH Keywords

Limited liabilityIncomplete marketsBankruptcySpread.

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

Related Items (14)

Equilibrium with limited-recourse collateralized loans ⋮ Equilibrium efficiency with secured and unsecured assets ⋮ Consumer default with complete markets: default-based pricing and finite punishment ⋮ Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey. ⋮ Stochastic overlapping generations with non-convex budget sets ⋮ Collateral premia and risk sharing under limited commitment ⋮ Defaulting firms and systemic risks in financial networks: a normative approach ⋮ Recourse loans and Ponzi schemes ⋮ Credit risk in general equilibrium ⋮ Equilibrium in collateralized asset markets: credit contractions and negative equity loans ⋮ International monetary equilibrium with default ⋮ Equilibrium recoveries in insurance markets with limited liability ⋮ Cross-listed securities and multiple exchange memberships: demand differentiability and equilibrium existence ⋮ Existence of financial equilibria with endogenous short selling restrictions and real assets

This page was built for publication: Bancruptcy in a model of unsecured claims.