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| dc.contributor.author | Honohan, Patrick | |
| dc.date.accessioned | 2009-09-25T16:01:23Z | |
| dc.date.available | 2009-09-25T16:01:23Z | |
| dc.date.issued | 1987-10 | |
| dc.identifier.uri | http://hdl.handle.net/10197/1440 | |
| dc.description.abstract | A Ponzi scheme is an arrangement whereby a promoter offers an investment opportunity with attractive dividends, but where the only basis for the dividends is the future receipts from new investors. The first of these two notes explores some of the analytical properties of a Ponzi scheme, addressing in particular the question whether it is possible for a Ponzi scheme to exist if all the participants are rational. The second note briefly examines the collapse of the PMPA insurance company whose accounts document the evolution of an unsound financial operation displaying many of the characteristics of the Ponzi scheme. | en |
| dc.description.externalNotes | A hard copy is available in UCD Library at GEN 330.08 IR/UNI | en |
| dc.format.extent | 393081 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | en |
| dc.publisher | University College Dublin. School of Economics | en |
| dc.relation.ispartofseries | UCD Centre for Economic Research Working Paper Series | en |
| dc.relation.ispartofseries | No. 53 | en |
| dc.subject.lcsh | Ponzi schemes | en |
| dc.title | Two notes about Ponzi schemes | en |
| dc.title.alternative | A simple epidemic model of a rational Ponzi scheme | en |
| dc.title.alternative | The PMPA insurance company : a Ponzi scheme documented? | en |
| dc.type | Working Paper | en |
| dc.internal.availability | Full text available | en |
| dc.status | Not peer reviewed | en |
| dc.type.capturetechnique | PDFimage | en |
| dc.neeo.contributor | Honohan|Patrick|aut| | en |
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