Harsh default penalties lead to Ponzi schemes : a counterexample
Year of publication: |
2012
|
---|---|
Authors: | Martins-da-Rocha, Victor Filipe ; Vailakis, Yiannis |
Published in: |
Games and economic behavior. - Amsterdam : Elsevier, ISSN 0899-8256, ZDB-ID 1002944-8. - Vol. 75.2012, 1, p. 277-282
|
Subject: | Theorie | Theory | Strafe | Punishment | Insolvenz | Insolvency | Rechtsdurchsetzung | Law enforcement | Kreditsicherung | Collateral | Gleichgewichtsmodell | Equilibrium model |
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