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Pareto improving social security reform when financial markets are incomplete!?

Krueger, Dirk; Kubler, Felix - 2002

Persistent link: https://www.econbiz.de/10001731295

Effects of asset market structure on welfare and trading volume

Judd, Kenneth L.; Kubler, Felix; Schmedders, Karl - In: Assets, beliefs, and equilibria in economic dynamics : …, (pp. 675-693). 2004

Persistent link: https://www.econbiz.de/10001809561

Computable general equilibrium with financial markets

Kubler, Felix - In: Economic theory : official journal of the Society for … 18 (2001) 1, pp. 73-96

Persistent link: https://www.econbiz.de/10001592808

Stationary equlibria in asset-pricing models with incomplete markets and collateral

Kubler, Felix; Schmedders, Karl - 2001

We consider an infinite-horizon exchange economy with incomplete markets and collateral constraints. As in the two-period model of Geanakoplos and Zame (1998) households can default on their liabilities at any time without any utility penalties or loss of reputation. Financial securities are...