Efficiency and the Role of Default When Security Markets Are Incomplete

Reexamination of the perfectness concept for equilibrium points in extensive games

1975 • 3,369 citations

Default and Renegotiation: A Dynamic Model of Debt

1998 • 1,067 citations

Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets

1972 • 737 citations

A limit theorem on the core of an economy

2008 • 657 citations

Default and Efficiency in a General Equilibrium Model with Incomplete Markets

1988 • 92 citations

Self-fulfilling equilibria: An existence theorem for a general state space

1996 • 27 citations

Debt Constrained Asset Markets

1992 • 27 citations

The existence of security market equilibrium with a non-atomic state space

1996 • 24 citations

ASYMPTOTIC BEHAVIOR OF ASSET MARKETS: ASYMPTOTIC INEFFICIENCY

1993 • 7 citations