environments for general distributions and probability spaces, and we show that the extended measure avoids bankruptcy in …

avoids bankruptcy in the long run. It is not time-consistent. …

show that any bankruptcy-free outputs (outputs in which no firm can drive another firm to bankruptcy without becoming … bankrupt itself) that attain individually rational profits (reflecting bankruptcy consideration) can be supported by a subgame …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy. …

In this paper we present a model of oligopoly and financial constraints. We study allocations which are bankruptcy …-free (BF) in the sense that no firm can drive another firm to bankruptcy without becoming bankrupt. We show how such …

avoids bankruptcy in the long run. It is not time-consistent. …

show that any bankruptcy-free outputs (outputs in which no firm can drive another firm to bankruptcy without becoming … bankrupt itself) that attain individually rational profits (reflecting bankruptcy consideration) can be supported by a subgame …

individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy. …