Listagem Produção Intelectual em Bases Externas por autor "Pascoa, Mario Rui"
Itens para a visualização no momento 1-7 of 7
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Bancruptcy in a model of unsecured claims
2002-10We study a two periods model of incomplete markets with nominal assets unsecured by collateral, where agents can go bankrupt but there are no bankruptcy penalties entering directly in the utility function. We address two ... -
Determinacy of equilibria in nonsmooth economies
1999-11Concavifiable preferences are representable by a function which is twice differentiable almost everywhere, by theorem of Alexandroff [Alexandroff, A.D., 1939. Almost Everywhere Existence of Second Differentials of Convex ... -
Equilibrium with default and endogenous collateral
2000-01We study a two-period general equilibrium model with incomplete asset markets and default. We make collateral endogenous by allowing each seller of assets to fix the level of collateral. Sellers are required to provide ... -
General equilibrium, wariness and efficient bubbles
2011-05Wary consumers overlook gains but not losses in remote sets of dates or states. As preferences are upper but not lower Mackey semi-continuous, Bewley's (1972) [4] result on existence of equilibrium whose prices are not ... -
Incomplete markets, continuum of states and default
1998-01We show that when bankruptcy, subject to penalties, is allowed, it is possible to prove the existence of equilibrium in a model with a continuum of states without imposing any assumptions on ex-post endowments. -
Infinite horizon incomplete markets with a continuum of states
1996In this paper we address existence of equilibria in an incomplete markets economy with countably many periods and a continuum of states at each node of the infinite tree. We consider two models: one where agents have to ... -
Long-lived collateralized assets and bubbles
2011-05When infinite-lived agents trade long-lived assets secured by durable goods, equilibrium exists without any additional debt constraints or uniform impatience conditions on agents' characteristics. Also, price bubbles are ...
