Brangewitz, Sonja; Giraud, Gael - Institut für Mathematische Wirtschaftsforschung, … - 2011
We study a strategic market game with finitely many traders, infinite horizon and real assets. To this standard framework (see, e.g. Giraud and Weyers, 2004) we add two key ingredients: First, default is allowed at equilibrium by means of some collateral requirement for financial assets; second,...