Publications

Articles

Transaction Costs and Planner Intervention.
Transaction Costs and Planner Intervention.

Hoelle, M. (2012): Transaction Costs and Planner Intervention, Economic Theory, DOI: 10.1007/s00199-010-0583-5.

Web publications

Bankruptcy and Transaction Costs in General Financial Models.
Bankruptcy and Transaction Costs in General Financial Models.

Hoelle, M. (2010): Bankruptcy and Transaction Costs in General Financial Models, Publicly accessible Penn Dissertations, Paper 119.

Working papers

Incomplete Markets as the Outcome of Bilateral Bargaining.
Bankruptcy and Access to Credit in General Equilibrium.
Incomplete Financial Markets with Real Assets and Endogenous Credit Limits.

joint with Marina Pireddu and Antonio Villanacci

The Existence of Sunspots Equilibria in a Dynamic Financial Model with Numeraire Assets: Is Multiplicity Necessary?
The Existence of Sunspots Equilibria in a Dynamic Financial Model with Numeraire Assets: Is Multiplicity Necessary?

Previously circulated as a working paper titled "Sunspots and Multiplicity."
Please cite as: Hoelle, M. (2011): Sunspots and Multiplicity, EUI Working Paper Series, Report no. MWP 2011/09. link