Optimal extended liability rule in a competitive financial market with heterogeneous borrower firms

DOI10.1016/J.JMATECO.2021.102572zbMath1483.91223OpenAlexW3206062330MaRDI QIDQ2075639

Hiroyuki Seshimo

Publication date: 15 February 2022

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2021.102572

zbMATH Keywords

entry deterrencejudgment proof problemextended liabilityfinancial contract

Mathematics Subject Classification ID

Credit risk (91G40) Financial markets (91G15)

Cites Work

• Risk externalities: when financial imperfections are not the problem, but part of the solution
• Extended liability for environmental accidents: what you see is what you get
• From Pigou to Extended Liability: On the Optimal Taxation of Externalities Under Imperfect Financial Markets

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