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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dc.status Not peer reviewed en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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