Sequential equilibrium in incomplete markets with long-term debt

dc.creatorJaar Michea, Daniel
dc.date.accessioned2018-12-19T14:00:41Z
dc.date.available2018-12-19T14:00:41Z
dc.date.created2018-12-19T14:00:41Z
dc.date.issued2018
dc.identifierSeries Documentos de Trabajo No. 474, pp. 1 - 20, Noviembre, 2018
dc.identifierhttps://repositorio.uchile.cl/handle/2250/153421
dc.description.abstractThis 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.languageen
dc.publisherUniversidad de Chile. Facultad de Economía y Negocios
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile
dc.sourceSeries Documentos de Trabajo
dc.subjectGeneral equilibrium
dc.subjectIncomplete markets
dc.subjectFinancial segmentation
dc.titleSequential equilibrium in incomplete markets with long-term debt
dc.typeDocumento de trabajo


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