Collateralized assets and asymmetric information
Collateralized-assets.pdf (118.5Kb)Abstract
Introducing assets backed by physical collateral, we extend the [Cornet, B., De Boisdeffre, L., 2002. Arbitrage and price revelation with asymmetric information and incomplete markets. Journal of Mathematical Economics 38, 393–490.] model of asymmetric information to allow for default. We show that, independently of the financial-informational structure, equilibrium exists.
Indexation
Artículo de publicación ISI
Identifier
URI: https://repositorio.uchile.cl/handle/2250/150035
DOI: doi:10.1016/j.jmateco.2007.06.003
ISSN: 0304-4068
Quote Item
Journal of Mathematical Economics, volume 44, issues 5-6, pages 530-534 2008
Collections
The following license files are associated with this item:
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile