Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Publications> Econometrica>Collateral Avoids Ponzi Schemes in Incomplete Markets

Econometrica: Jul, 2002, Volume 70, Issue 4

Collateral Avoids Ponzi Schemes in Incomplete Markets

https://doi.org/10.1111/1468-0262.00343
p. 1613-1638

Aloisio Araujo, Mário Rui Páscoa, Juan Pablo Torres–Martínez

Without introducing either debt constraints or transversality conditions to avoid the possibility of Ponzi schemes, we show the existence of equilibrium in an infinite horizon incomplete markets economy with a collateral structure.

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December 4, 2024

Update on 2025 Submission and Publication Page Fees at Econometric Society Journals

The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica.  Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
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