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environments for general distributions and probability spaces, and we show that the extended measure avoids bankruptcy in …
Persistent link: https://www.econbiz.de/10010342818
This chapter is based on primary research focusing on the effect of bankruptcy regulatory changes in Hungary after the … are seemingly irrelevant in decision-making. The bankruptcy procedure has become a useful tactic for the owner … bankruptcy procedures in Hungary. A model in which financially rational decisions is not dysfunctional. We find that time is the …
Persistent link: https://www.econbiz.de/10012793445
Financial contracts are complicated and consumers often do not grasp them in their entirety. This may lead to financial mistakes. We develop a quantitative theory of unsecured credit and equilibrium default in a market with sophisticated and naïve borrowers who sometimes misunderstand their...
Persistent link: https://www.econbiz.de/10013328047