{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/106492"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/106492","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"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.","abstract_html":"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.","abstract_has_math":false,"creators":["Zare, Meysam"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["Bernhardt, Mark D","Krasa, Stefan","Parente, Stephen L","Kahn, Charles M"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2020,"date_issued":"2020-03-02T22:38:57Z","date_published":"2020-03-02T22:38:57Z","updated_at":"2026-07-22T22:24:47Z","subjects":["Stationary Equilibrium, Dynamic Contract, Trade Credit"],"languages":["en"],"rights":["Copyright 2019 Meysam Zare"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/2142/106492","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Bernhardt, Mark D","Krasa, Stefan","Parente, Stephen L","Kahn, Charles M"]},{"key":"dc:creator","label":"Author","values":["Zare, Meysam"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2020-03-02T22:38:57Z","2022-03-03T10:15:25Z","2019-12-06","2019-12"]},{"key":"dc:type","label":"Dc Type","values":["text"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Stationary Equilibrium, Dynamic Contract, Trade Credit"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2019 Meysam Zare"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/106492"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["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.","Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2021-12-01","The student, Meysam Zare, accepted the attached license on 2019-12-05 at 13:06.","The student, Meysam Zare, submitted this Dissertation for approval on 2019-12-05 at 13:21.","This Dissertation was approved for publication on 2019-12-06 at 07:57.","DSpace SAF Submission Ingestion Package generated from Vireo submission #14717 on 2020-02-28 at 17:38:02","Made available in DSpace on 2020-03-02T22:38:57Z (GMT). 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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.","Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2021-12-01","The student, Meysam Zare, accepted the attached license on 2019-12-05 at 13:06.","The student, Meysam Zare, submitted this Dissertation for approval on 2019-12-05 at 13:21.","This Dissertation was approved for publication on 2019-12-06 at 07:57.","DSpace SAF Submission Ingestion Package generated from Vireo submission #14717 on 2020-02-28 at 17:38:02","Made available in DSpace on 2020-03-02T22:38:57Z (GMT). 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