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Articles
Wealth transfers and the role of collateral when lifetimes are uncertainPublished in
2008
Volume: 36
Issue: 3
Pages: 471 - 502
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. © 2007 Springer-Verlag.
Postprint Version
Content may be subject to copyright.This is a post-peer-review, pre-copyedit version of an article published in Economic Theory. The final authenticated ver... ...This is a post-peer-review, pre-copyedit version of an article published in Economic Theory. The final authenticated version is available online at: https://doi.org/10.1007/s00199-007-0282-z. The following terms of use apply: https://www.springer.com/gp/open-access/publication-policies/aam-terms-of-use.
About the journal
| Journal | Economic Theory |
|---|---|
| ISSN | 09382259 |
Authors (1)
Abdelkrim Seghir- Ajman University
