Revistas Académicas WoS
Wealth transfers and the role of collateral when lifetimes are uncertain
We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.
Economic Theory, Vol. 36, pp. 471 - 502, 2008
Autor(es): Seghir Abdelkrim, Torres-Martínez Juan Pablo