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Two notes about Ponzi schemes
Alternative Title
A simple epidemic model of a rational Ponzi scheme
The PMPA insurance company : a Ponzi scheme documented?
Author(s)
Date Issued
1987-10
Date Available
2009-09-25T16:01:23Z
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.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
No. 53
Subject – LCSH
Ponzi schemes
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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wp87_53.pdf
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383.87 KB
Format
Adobe PDF
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