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Competitive search with ex-post opportunism

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Credit, money and asset equilibria with indivisible goods

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Endogenous search, price dispersion, and welfare

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Inefficient fire-sales in decentralized asset markets

Ebrahimy, Ehsan - 2019

It is challenging to explain the collapse in the price of subprime mortgage-backed securities (MBS) during the Financial Crisis of 2008, using the existing models of fire-sale. I present amodel to demonstrate that fire-sales may happen evenwhen there is a relatively sizable pool of natural...

Persistent link: https://www.econbiz.de/10012098197