Collateralized assets and asymmetric information

Myrian Petrassi and Torres-Marti­nez, Juan Pablo
Authors registered in the RePEc Author Service: Juan Pablo Torres-Martinez

Journal of Mathematical Economics, 2008, vol. 44, issue 5-6, 530-534

Abstract: Introducing assets backed by physical collateral, we extend the [Cornet, B., De Boisdeffre, L., 2002. Arbitrage and price revelation with asymmetric information and incomplete markets. Journal of Mathematical Economics 38, 393-490.] model of asymmetric information to allow for default. We show that, independently of the financial-informational structure, equilibrium exists.

Date: 2008
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Working Paper: Collateralized Assets And Asymmetric Information (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:44:y:2008:i:5-6:p:530-534

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