IDEAS home Printed from https://ideas.repec.org/p/mse/wpsorb/94006.html
   My bibliography  Save this paper

Indeterminacy and bankruptcy: a note

Author

Listed:
  • Jean-Marc Tallon

    (MAD - Université Paris 1)

Abstract

It is shown in a model where agents can have different support for their expectations of states of the world, that the real indeterminacy result usual in the literature on incomplete markets holds true. This is shown on a simple example. Since in this type of models bankruptcy might occur, the result is further characterized. It is shown that equilibria without bankruptcy are indeterminate, whereas equilibrium allocations with bankruptcy are locally isolated although the rate of default is indeterminate

Suggested Citation

  • Jean-Marc Tallon, 1994. "Indeterminacy and bankruptcy: a note," Cahiers de la Maison des Sciences Economiques 94006, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:mse:wpsorb:94006
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-04662871
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mse:wpsorb:94006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucie Label (email available below). General contact details of provider: https://edirc.repec.org/data/msep1fr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.