Article
Collateralized assets and asymmetric information
Journal of Mathematical Economics
(2008)
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.
Keywords
- Collateralized assets,
- asymmetric information
Disciplines
Publication Date
2008
Citation Information
Petrassi, M. and J. P. Torres-Martínez (2008), "Collateralized assets and asymmetric information," Journal of Mathematical Economics, volume 44, pages 530-534.