Creditworthiness and thresholds in a credit market model with multiple equilibria

Economic Theory

Volumn 25, Issue 2, 2005, Pages 287-315

  Grüne, Lars ^a   Semmler, Willi ^b,c   Sieveking, Malte ^d  

^a UNIVERSITY OF BAYREUTH   (Germany)

^b Center for Empirical Macroeconomics   (Germany)

^c NEW SCHOOL FOR SOCIAL RESEARCH   (United States)

^d GOETHE UNIVERSITY   (Germany)

Author keywords

Asset pricing; Creditworthiness; Default risk; Dynamic programming; Imperfect capital markets; Multiple equilibria

Indexed keywords

EID: 11144340185     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00199-003-0442-8     Document Type: Article

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