Browsing Produção Intelectual em Bases Externas by Subject "Falência"

Now showing items 1-2 of 2

    • Ambiguity aversion in the long run: "to disagree, we must also agree" 

      Araújo, Aloísio Pessoa de; Silva, Pietro da; Faro, José Heleno
      2016-09
      We consider an economy populated by smooth ambiguity-averse agents with complete markets of securities contingent to economic scenarios, where bankruptcy is permitted but there is a penalty for it. We show that if agents' ...

    • Bancruptcy in a model of unsecured claims 

      Araújo, Aloísio Pessoa de; Pascoa, Mario Rui
      2002-10
      We 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 ...