Title:

Collateral Avoids Ponzi Schemes in Incomplete Markets

Authors:

Aloisio Araujo (FGV, IMPA (Inst Mat Pura Aplicada))
Mário Páscoa (U Nova)
Juan Pablo Torres Martinez (Pontificia U Catolica Rio Janeiro)

Journal:

Econometrica

Year:

2002

Volume:

70

Pages:

1613-1638

JEL code:

D52 - Incomplete Markets