Browsing by Subject "General equilibrium"

Now showing items 1-2 of 2

    • Credit segmentation in general equilibrium 
      Cea Echenique, Sebastián; Torres Martínez, Juan Pablo (Elsevier B.V., 2015)
      We build a general equilibrium model with endogenous borrowing constraints compatible with credit segmentation. There are personalized trading restrictions connecting prices with both portfolio constraints and consumption ...
    • Sequential equilibrium in incomplete markets with long-term debt 
      Jaar Michea, Daniel (Universidad de Chile. Facultad de Economía y Negocios, 2018)
      This 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 ...