termination via prepayment or default affects optimal risk-sharing. The broad conclusion of the analysis is that potential … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research … mortgage termination makes higher risk exposure for borrowers optimal. …

termination via prepayment or default affects optimal risk-sharing. The broad conclusion of the analysis is that potential … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research … mortgage termination makes higher risk exposure for borrowers optimal. …

termination via prepayment or default affects optimal risk-sharing. The broad conclusion of the analysis is that potential … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research … mortgage termination makes higher risk exposure for borrowers optimal …