Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/176023 
Year of Publication: 
2007
Series/Report no.: 
Texto para discussão No. 540
Publisher: 
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia, Rio de Janeiro
Abstract: 
We state an infinite horizon sequential markets model with real assets in positive net supply and subject to credit risk. By introducing default-dependent borrowing constraints, we show the existence of equilibrium.
Subjects: 
Equilibrium
Infinite horizon incomplete markets
Infinite-lived real assets.
Document Type: 
Working Paper

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