Bank Runs as an Equilibrium Phenomenon
分析了一种标准活期存款合同，在无外生事件可依赖的情况下，证明存在一个正概率发生银行挤兑的唯一均衡。
A standard demand-deposit contract in which individuals are entitled to their full deposit at any time provided the bank is solvent is analyzed in a context in which there are no exogenous events on which agents condition their behavior and a unique equilibrium involving a bank run with positive probability is shown to exist. Copyright 1987 by University of Chicago Press.