| dc.contributor.author | Sabarwal, Tarun | |
| dc.date.accessioned | 2012-04-18T15:31:02Z | |
| dc.date.available | 2012-04-18T15:31:02Z | |
| dc.date.issued | 2000 | |
| dc.identifier.citation | Sabarwal, Tarun, (2000), Bankruptcy in general equilibrium, No 2000-48, Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.). | |
| dc.identifier.uri | http://hdl.handle.net/1808/9074 | |
| dc.description.abstract | In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. This model is a more realistic representation of some markets in which intertemporal assets are traded. Using standard and natural assumptions, I show that every economy represented by this model has an equilibrium. Using examples, I highlight some welfare effects of bankruptcy. | |
| dc.language.iso | en_US | |
| dc.publisher | Board of Governors of the Federal Reserve System | |
| dc.relation.isversionof | http://www.federalreserve.gov/pubs/feds/2000/200048/200048pap.pdf | |
| dc.subject | Bankruptcy | |
| dc.subject | General equilibrium | |
| dc.subject | Incomplete markets | |
| dc.subject | Exemption | |
| dc.subject | Credit limit | |
| dc.title | Bankruptcy in general equilibrium | |
| dc.type | Working Paper | |
| kusw.kuauthor | Sabarwal, Tarun | |
| kusw.kudepartment | Economics | |
| kusw.oastatus | na | |
| kusw.oapolicy | This item does not meet KU Open Access policy criteria. | |
| dc.rights.accessrights | openAccess | |
