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  Home > Diane Publishing Books >

Equilibrium Models of Personal Bankruptcy: A Survey: A Reprint from the Journal, “Economic Quarterly”
A comparison of models & results from selected pap

Our Price: $15.00
By Kartik Athreya (au)
Year: 2005
Pages: 25
Binding Paperback

Product Code: 1422311309

A comparison of models & results from selected papers on personal bankruptcy establishes how particular modeling assumptions matter for the implications of bankruptcy. For example, it can be argued that only under income processes that allow for large shocks to net worth can bankruptcy play a role in improving welfare. However, despite the progress evident from the work so far, questions remain, the resolution of which is critical to forming a definitive view of the role for personal default. Illustrations.

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