Endogenously Incomplete Markets: Macroeconomic Implications
journal contributionposted on 01.08.1970, 00:00 by Christopher SleetChristopher Sleet
Endogenously incomplete models derive restrictions on asset trading from primitive constraints on the enforcement and monitoring technologies available to societies. They have been applied to a wide variety of macroeconomic problems. This essay reviews some of these applications and the models that underpin them.