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.
MLA
Araujo, Aloisio, et al. “Collateral Avoids Ponzi Schemes in Incomplete Markets.” Econometrica, vol. 70, .no 4, Econometric Society, 2002, pp. 1613-1638, https://doi.org/10.1111/1468-0262.00343
Chicago
Araujo, Aloisio, Mário Rui Páscoa, and Juan Pablo Torres–Martínez. “Collateral Avoids Ponzi Schemes in Incomplete Markets.” Econometrica, 70, .no 4, (Econometric Society: 2002), 1613-1638. https://doi.org/10.1111/1468-0262.00343
APA
Araujo, A., Páscoa, M. R., & Torres–Martínez, J. P. (2002). Collateral Avoids Ponzi Schemes in Incomplete Markets. Econometrica, 70(4), 1613-1638. https://doi.org/10.1111/1468-0262.00343
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