Constrained efficiency without commitment

DOI10.1016/J.JMATECO.2015.09.010zbMath1368.91141OpenAlexW1776703700MaRDI QIDQ898696

V. Filipe Martins-da-Rocha, Yiannis Vailakis

Publication date: 18 December 2015

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

Full work available at URL: http://eprints.gla.ac.uk/111453/7/111453.pdf

zbMATH Keywords

limited commitmentconstrained Pareto efficiencyhigh implied interest rates

Mathematics Subject Classification ID

General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (1)

Introduction to financial frictions and debt constraints

Cites Work

• Asset prices, debt constraints and inefficiency
• Debt Constrained Asset Markets
• Liquidity Constrained Markets Versus Debt Constrained Markets
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default

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