Bankruptcy and collateral in debt constrained markets

Macroeconomics in the Small and the Large: Essays on Microfoundations, Macroeconomic Applications and Economic History in Honor of Axel Leijonhufvud

Volumn , Issue , 2008, Pages 99-114

  Kehoe, Timothy J ^a   Levine, David K ^b  

^a UNIVERSITY OF MINNESOTA   (United States)

^b WASHINGTON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85039784843     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4337/9781848446021.00011     Document Type: Chapter

References (18)

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4. Dubey, P., J. Geanakoplos and W.R. Zame (1995), 'Default, collateral, and derivatives', Yale University.
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7. Geanakoplos, J. and W.R. Zame (2002), 'Collateral and the enforcement of intertemporal contracts', UCLA.
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11. Kreps D.M. (1982), 'Multiperiod securities and the efficient allocation of risk: a comment on the Black-Scholes Option Pricing Model', in J.J. McCall (ed.), The Economics of Information and Uncertainty, Chicago and London. University of Chicago Press, pp. 203-32.
12. Krueger, D. and F. Perri (2006), 'Does income inequality lead to consumption inequality? Evidence and theory', Review of Economic Studies, 73, 163-93.
13. Kubler, F. and K. Schmedders (2003), 'Stationary equilibria in asset-pricing models with incomplete markets and collateral', Econometrica 71, 1767-93.
14. Leijonhufvud, A. (1973a), 'Effective demand failures', Swedish Journal of Economics, 75, 27-48.
15. Leijonhufvud, A. (1973b), 'Life among the Econ', Western Economic Journal, 11, 327-37.
16. Livshits, I. J. MacGee and M. Tertilt (2003), 'Consumer bankruptcy: a fresh start', Federal Reserve Bank of Minneapolis Working Paper 617.
17. Orrillo, J. (2002), 'Default and exogenous collateral in incomplete markets with a continuum of states', Journal of Mathematical Economics 35, 151-65.
18. Zame, W.R. (1993), 'Efficiency and the role of default when security markets are incomplete', American Economic Review, 83, 1142-64.