Endogenous Default Penalties in Nominal Incomplete Markets
Nuno Gouveia, Abdelkrim Seghir
Annals of Economics and Finance, vol. 10, 2009, p. 391-419.

Harsh Default Penalties Lead to Ponzi Schemes
Mário Páscoa, Abdelkrim Seghir
Games And Economic Behavior, vol. 65, 2009, p. 270-286.