Default and efficient debt markets.

DOI10.1016/S0304-4068(02)00065-4zbMath1034.91050MaRDI QIDQ1867771

Sandeep Kapur, Jayasri Dutta

Publication date: 2 April 2003

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

zbMATH Keywords

EfficiencyDebtDefaultEnforcementDebt contractsTwo-part pricing

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (2)

Trading constraints penalizing default: A recursive approach ⋮ On the sovereign debt paradox

Cites Work

• Unnamed Item
• Repeated principal-agent relationships with lending and borrowing
• Income fluctuation and asymmetric information: An example of a repeated principal-agent problem
• On Efficient Distribution with Private Information
• Liquidity Preference and Financial Intermediation
• Debt Constrained Asset Markets
• Implications of Efficient Risk Sharing without Commitment

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