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"Harsh default penalties lead to Ponzi schemes."

Mário R. Páscoa, Abdelkrim Seghir (2009)

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DOI: 10.1016/J.GEB.2007.10.002

access: closed

type: Journal Article

metadata version: 2020-02-22

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Mário R. Páscoa, Abdelkrim Seghir:
Harsh default penalties lead to Ponzi schemes. Games Econ. Behav. 65(1): 270-286 (2009)

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