Equilibrium with limited-recourse collateralized loans

Author	dc.contributor.author	Torres Martínez, Juan Pablo
Author	dc.contributor.author	Poblete Cazenave, Rubén	es_CL
Admission date	dc.date.accessioned	2014-01-28T19:15:25Z
Available date	dc.date.available	2014-01-28T19:15:25Z
Publication date	dc.date.issued	2013
Cita de ítem	dc.identifier.citation	Econ Theory (2013) 53:181–211	en_US
Identifier	dc.identifier.other	DOI: 10.1007/s00199-011-0685-8
Identifier	dc.identifier.uri	https://repositorio.uchile.cl/handle/2250/128620
General note	dc.description	Artículo de publicación ISI	en_US
Abstract	dc.description.abstract	We address a general equilibrium model with limited-recourse collateralized loans and securitization of debts. Each borrower is required to pledge physical collateral, and bankruptcy is filed against him if claims are not fully honored. Moreover, agents have a positive amount of wealth exempt from garnishment and, for at least a fraction of them, commodities used as collateral are desirable. In this context, equilibrium exists for any continuous garnishment rule and multiple types of reimbursement mechanisms.	en_US
Lenguage	dc.language.iso	en	en_US
Publisher	dc.publisher	Springer-Verlag	en_US
Type of license	dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
Link to License	dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
Keywords	dc.subject	Collateralized assets	en_US
Título	dc.title	Equilibrium with limited-recourse collateralized loans	en_US
Document type	dc.type	Artículo de revista

Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile