Bertolai, J. D. P.; Cavalcanti, R. de O. - Faculdade de Economia, Administração e Contabilidade … - 2011
In a companion paper, Bertolai et al. (2011) build on Peck-Shell (2003) economies and obtain strong implementation in perturbations of optimal contracts. Since bank runs are eliminated with distortions that become very small when the population grows, a pressing issue is whether an alternative...