KUKU

KU ScholarWorks

  • myKU
  • Email
  • Enroll & Pay
  • KU Directory
    • Login
    View Item 
    •   KU ScholarWorks
    • Economics
    • Economics Scholarly Works
    • View Item
    •   KU ScholarWorks
    • Economics
    • Economics Scholarly Works
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Competitive Equilibria With Incomplete Markets and Endogenous Bankruptcy

    Thumbnail
    View/Open
    Sabarwal_Competitive_2003.pdf (547.6Kb)
    Issue Date
    2003
    Author
    Sabarwal, Tarun
    Publisher
    Walter de Gruyter
    Type
    Article
    Article Version
    Scholarly/refereed, publisher version
    Metadata
    Show full item record
    Abstract
    This paper constructs a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. Compared to related models, this model is a more realistic representation of some markets in which intertemporal assets are traded. Using standard and natural assumptions, it is shown that every economy represented by this model has an equilibrium. Therefore,bankruptcy can co-exist with smoothly functioning competitive markets in fairly general economies. Examples highlight some welfare effects of bankruptcy.
    Description
    This is the publisher's version, also available electronically from http://dx.doi.org/ 10.2202/1534-5971.1060.
    URI
    http://hdl.handle.net/1808/8815
    DOI
    https://doi.org/10.2202/1534-5971.1060
    Collections
    • Economics Scholarly Works [173]
    Citation
    Sabarwal, Tarun (2003): “Competitive Equilibria with Incomplete Markets and Endogenous Bankruptcy,” Contributions to Theoretical Economics, 3(1), Jan., Art. 1 (Lead article) http://dx.doi.org/10.2202/1534-5971.1060

    Items in KU ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.


    We want to hear from you! Please share your stories about how Open Access to this item benefits YOU.


    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

    Browse

    All of KU ScholarWorksCommunities & CollectionsThis Collection

    My Account

    LoginRegister

    Statistics

    View Usage Statistics

    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

    The University of Kansas
      Contact KU ScholarWorks
    Lawrence, KS | Maps
     
    • Academics
    • Admission
    • Alumni
    • Athletics
    • Campuses
    • Giving
    • Jobs

    The University of Kansas prohibits discrimination on the basis of race, color, ethnicity, religion, sex, national origin, age, ancestry, disability, status as a veteran, sexual orientation, marital status, parental status, gender identity, gender expression and genetic information in the University’s programs and activities. The following person has been designated to handle inquiries regarding the non-discrimination policies: Director of the Office of Institutional Opportunity and Access, IOA@ku.edu, 1246 W. Campus Road, Room 153A, Lawrence, KS, 66045, (785)864-6414, 711 TTY.

     Contact KU
    Lawrence, KS | Maps