Harsh default penalties lead to Ponzi schemes: A counterexample

✍ Scribed by V. Filipe Martins-da-Rocha; Yiannis Vailakis

• Book ID: 116506435
• Publisher: Elsevier Science
• Year: 2012
• Tongue: English
• Weight: 159 KB
• Volume: 75
• Category: Article
• ISSN: 0899-8256
• DOI: 10.1016/j.geb.2011.10.004