Martingale properties of self-enforcing debt
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| 024 | 7 | 0 | |a 10.1007/s00199-014-0832-0 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s00199-014-0832-0 | ||
| 245 | 0 | 0 | |a Martingale properties of self-enforcing debt |h [Elektronische Daten] |c [Florin Bidian, Camelia Bejan] |
| 520 | 3 | |a Not-too-tight debt limits are endogenous restrictions on debt that prevent agents from defaulting and opting for a specified continuation utility, while allowing for maximal credit expansion. For an agent facing some fixed prices for the Arrow securities, we prove that discounted not-too-tight debt limits must differ by a martingale. | |
| 540 | |a Springer-Verlag Berlin Heidelberg, 2014 | ||
| 690 | 7 | |a Endogenous debt limits |2 nationallicence | |
| 690 | 7 | |a Not-too-tight constraints |2 nationallicence | |
| 690 | 7 | |a Limited enforcement |2 nationallicence | |
| 700 | 1 | |a Bidian |D Florin |u Robinson College of Business, Georgia State University, PO Box 4036, 30302-4036, Atlanta, GA, USA |4 aut | |
| 700 | 1 | |a Bejan |D Camelia |u School of Business, University of Washington-Bothell, 18115 Campus Way NE, 98011, Bothell, WA, USA |4 aut | |
| 773 | 0 | |t Economic Theory |d Springer Berlin Heidelberg |g 60/1(2015-09-01), 35-57 |x 0938-2259 |q 60:1<35 |1 2015 |2 60 |o 199 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s00199-014-0832-0 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s00199-014-0832-0 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Bidian |D Florin |u Robinson College of Business, Georgia State University, PO Box 4036, 30302-4036, Atlanta, GA, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Bejan |D Camelia |u School of Business, University of Washington-Bothell, 18115 Campus Way NE, 98011, Bothell, WA, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Economic Theory |d Springer Berlin Heidelberg |g 60/1(2015-09-01), 35-57 |x 0938-2259 |q 60:1<35 |1 2015 |2 60 |o 199 | ||