dc.creator | Jaar Michea, Daniel | |
dc.date.accessioned | 2018-12-19T14:00:41Z | |
dc.date.available | 2018-12-19T14:00:41Z | |
dc.date.created | 2018-12-19T14:00:41Z | |
dc.date.issued | 2018 | |
dc.identifier | Series Documentos de Trabajo No. 474, pp. 1 - 20, Noviembre, 2018 | |
dc.identifier | https://repositorio.uchile.cl/handle/2250/153421 | |
dc.description.abstract | This paper proves equilibrium existence in an incomplete market sequential economy
with finitely-lived debt contracts. Introducing credit constraints limiting agents’ access to liquidity, we show that a competitive equilibrium always exists. Our results are consistent with broad
forms of endogenous credit segmentation | |
dc.language | en | |
dc.publisher | Universidad de Chile. Facultad de Economía y Negocios | |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Chile | |
dc.source | Series Documentos de Trabajo | |
dc.subject | General equilibrium | |
dc.subject | Incomplete markets | |
dc.subject | Financial segmentation | |
dc.title | Sequential equilibrium in incomplete markets with long-term debt | |
dc.type | Documento de trabajo | |