result shows the existence of a competitive equilibrium process that is stationary and has an invariant ergodic measure …

I model an incomplete markets economy where unaware agents do not perceive all states of nature, so unintended default … can occur when asset returns differ from what was perceived. The presence of default plays a crucial role in the proof of … existence - particularly in economies where beliefs are biased - by removing perceived arbitrage opportunities with respect to …

ensure existence of subgame perfect equilibria (SPE). We show that when Nature's moves are atomless in the original game … of He and Sun (2020) on existence of SPE without public randomization, which in turn yields equilibrium existence for …

, Kraft and Kroner. Dynamic models are not straightforward (or even possible) to translate in terms of the algebraic existence …

models are not straightforward (or even possible) to translate in terms of the algebraic existence, underlying stochastic …

The paper aims to analyze the effect of bank risk appetite on banks' default probabilities during the year of COVID-19 … of Moments (GMM) model of default probabilities is estimated over the periods 2010-2021. This study confirms the 'risk … the probability of bank default. Underperforming banks tend to have a higher portion of risky loans in their credit …

With the record high leverage across all segments of the (global) economy, default prediction has never been more … defaulters, we model default probability using a doubly stochastic Poisson process. Our paper is unique in that it uses a large … 76%, one and three years prior to default, respectively. What we lose in (data) quality, we regain in (data) quantity …

qualitative criteria using a mathematical model based on a fuzzy technology, which can forecast the increased risk of loan default …