Settlement games with rank-order payoffs and applications to sovereign debt restructuring

DOI10.1007/s00199-016-1001-4zbMath1398.91448OpenAlexW2528897681MaRDI QIDQ680968

Rohan Pitchford, Mark L. J. Wright

Publication date: 29 January 2018

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-016-1001-4

zbMATH Keywords

negotiationtiming gamessovereign debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Games of timing (91A55)

Related Items (2)

Introduction to the special issue on models of debt and debt crises ⋮ Preemption with a second-mover advantage

Cites Work

• Markov perfect equilibria in an N-player war of attrition
• A model of seller holdout
• The War of Attrition in Continuous Time with Complete Information
• Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment

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