Regulating collateral-Requirements when markets are incomplete

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Kübler, Felix; Araujo, Aloisio; Schommer, Susan;

In this paper we examine the effects of default and scarcity of collateralizable durable goods on risk-sharing. We assume that there is a large set of assets which all promise a risk-less payo but which distinguish themselves by the collateral requirement. In equilib... View more
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