Default and Efficient Debt Markets.

We examine default-free contracts in an infinite-horizon economy in which some individuals have access to a productive, intertemporal technology. Individuals without access to the technology must lend their savings to those with access.

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Year of publication:	2000
Authors:	Dutta, J. ; Kapur, S.
Institutions:	Department of Economics, University of Birmingham
Subject:	DEBT \| EFFICIENCY \| PRICING

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; E2 - Consumption, Saving, Production, Employment, and Investment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357605