Search Results - subject:"self-enforcing debt"

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, Y. - In: Theoretical Economics 16 (2021) 4, pp. 1513-1555

circulates as a form of inside money, and it is not valued as a speculative bubble. Competitive equilibria with self-enforcing … debt exist under a suitable hypothesis of gains from trade. …

Persistent link: https://www.econbiz.de/10013189073

Sustainable debt

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, Y. - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1513-1555

circulates as a form of inside money, and it is not valued as a speculative bubble. Competitive equilibria with self‐enforcing … debt exist under a suitable hypothesis of gains from trade. …

Persistent link: https://www.econbiz.de/10012806557

Sustainable debt

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, … - 2018

Persistent link: https://www.econbiz.de/10012814938

Sustainable debt

Bloise, Gaetano; Polemarchakis, Heraklis M.; Vailakis, … - 2018

Persistent link: https://www.econbiz.de/10012167480

Borrowing in excess of natural ability to repay

Martins-da-Rocha, Victor Filipe; Vailakis, Yiannis - In: Review of economic dynamics 23 (2017), pp. 42-59

Persistent link: https://www.econbiz.de/10011745640

Martingale properties of self-enforcing debt

Bidian, Florin; Bejan, Camelia - Volkswirtschaftliche Fakultät, … - 2011

(at the prevailing interest rates) than the total amount of self-enforcing debt allowed by the underlying enforcement …

Persistent link: https://www.econbiz.de/10009647225

Supplement to ``Martingale properties of self-enforcing debt''

Bidian, Florin; Bejan, Camelia - Volkswirtschaftliche Fakultät, … - 2011

We present some complementary results to Bidian and Bejan (2012). Part 1 provides necessary and sufficient transversality conditions for an agent's optimization problem. They are extensions to stochastic environments of the conditions given by Kocherlakota (1992), or alternatively, extensions to...

Persistent link: https://www.econbiz.de/10009647391

Robust bubbles with mild penalties for default

Bidian, Florin - In: Journal of mathematical economics 65 (2016), pp. 141-153

Persistent link: https://www.econbiz.de/10011665702