University of Illinois Urbana-Champaign

Trade credit

Zare, Meysam

Content Files
ZARE-DISSERTATION-2019.pdf

Permalink

https://hdl.handle.net/2142/106492

Description

Title
Trade credit
Author(s)
Zare, Meysam
Issue Date
2019-12-06
Director of Research (if dissertation) or Advisor (if thesis)
Bernhardt, Mark D
Doctoral Committee Chair(s)
Bernhardt, Mark D
Committee Member(s)
  • Krasa, Stefan
  • Parente, Stephen L
  • Kahn, Charles M
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Date of Ingest
2020-03-02T22:38:57Z
Keyword(s)
Stationary Equilibrium, Dynamic Contract, Trade Credit
Abstract
This dissertation develops a new tractable solution method to calculate the set of equilibrium outcomes for a broad variety of dynamic economic models. These outcomes---players' payoffs in repeated games, continuation values of agents in recursive contracts, or the set of stationary distributions in recursive competitive equilibria---are given by the fixed-points of a class of set-valued contraction mapping operators. I then use the method to analyze a dynamic model of trade credit. This model features a principal/seller of an intermediate good who repeatedly sells on credit and lacks collateral to a cash-constrained buyer/agent who receives new history dependent private information each period and takes private and public actions, including, possibly, defaulting on his debt.
Graduation Semester
2019-12
Type of Resource
text
Permalink
http://hdl.handle.net/2142/106492
Copyright and License Information
Copyright 2019 Meysam Zare

Owning Collections

Graduate Dissertations and Theses at Illinois PRIMARY
Graduate Theses and Dissertations at Illinois
Dissertations and Theses - Economics