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Harsh default penalties lead to Ponzi schemes · Study

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ArticleHarsh default penalties lead to Ponzi schemes

Mario Rui Páscoa2007

Article2007

Harsh default penalties lead to Ponzi schemes

Mario Rui Páscoa · Abdelkrim Seghir

30 citations·0/0 files stored·Games and Economic Behavior

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Banking stability, regulation, efficiency Game Theory and Voting Systems Economic theories and models

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References

2018The Economy as an Evolving Complex System II 1975Core and Equilibria of a Large Economy.1993Debt-Constrained Asset Markets 1996Implications of Efficient Risk Sharing without Commitment 2004Default and Punishment in General Equilibrium1 2000Promises, Promises 1990Efficiency and the Role of Default When Security Markets Are Incomplete 1973COMMODITY MONEY, OLIGOPOLY, CREDIT and BANKRUPTCY IN A GENERAL EQUILIBRIUM MODEL

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Year2007

Typearticle

Published2007-11-26

VenueGames and Economic Behavior

ISSN-L0899-8256

Languageen

Citations30

Files0 public / 0

ShelfBanking stability, regulation, efficiency

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doi10.1016/j.geb.2007.10.002

openalex_workW2162815562

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