Creditor races and contingent claims
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Paul Asquith & Robert Gertner & David Scharfstein, 1991. "Anatomy of Financial Distress: An Examination of Junk-Bond Issuers," NBER Working Papers 3942, National Bureau of Economic Research, Inc.
- Mella-Barral, Pierre & Perraudin, William, 1997.
"Strategic Debt Service,"
Journal of Finance, American Finance Association, vol. 52(2), pages 531-556, June.
- Pierre Mella-Barral & William R M Perraudin, 1993. "Strategic Debt Service," CEPR Financial Markets Paper 0039, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX..
- Fries, Steven & Mella-Barral, Pierre & Perraudin, William, 1997.
"Optimal bank reorganization and the fair pricing of deposit guarantees,"
Journal of Banking & Finance, Elsevier, vol. 21(4), pages 441-468, April.
- Fries,S. & Mella-Barral,P. & Perraudin,W.R.M., 1995. "Optimal Bank Reorganisation and the Fair Pricing of Deposit Garantees," Cambridge Working Papers in Economics 9417, Faculty of Economics, University of Cambridge.
- Paul R. Milgrom & Robert J. Weber, 1985.
"Distributional Strategies for Games with Incomplete Information,"
Mathematics of Operations Research, INFORMS, vol. 10(4), pages 619-632, November.
- Paul Milgrom & Robert Weber, 1981. "Distributional Strategies for Games with Incomplete Information," Discussion Papers 428R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Anderson, Ronald W. & Sundaresan, Suresh, 1992. "Design and Valuation of Debt Contracts," LIDAM Discussion Papers IRES 1994006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 00 Dec 1993.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Antill, Samuel & Grenadier, Steven R., 2019. "Optimal capital structure and bankruptcy choice: Dynamic bargaining versus liquidation," Journal of Financial Economics, Elsevier, vol. 133(1), pages 198-224.
- Miller, Marcus & Zhang, Lei, 2000.
"Sovereign Liquidity Crises: The Strategic Case for a Payments Standstill,"
Economic Journal, Royal Economic Society, vol. 110(460), pages 335-362, January.
- Miller, Marcus & Zhang, Lei, 1998. "Sovereign Liquidity Crises: the Strategic Case for a Payments Standstill," CEPR Discussion Papers 1820, C.E.P.R. Discussion Papers.
- Marcus H. Miller & Lei Zhang, 1999. "Sovereign Liquidity Crisis: The Strategic Case for A Payments Standstill," Working Paper Series WP99-8, Peterson Institute for International Economics.
- Marcus Miller & Lei Zhang, 1999. "Sovereign Liquidity Crisis: The Strategic Case for a Payments Standstill," CSGR Working papers series 35/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
- Giesecke, Kay, 2004. "Correlated default with incomplete information," Journal of Banking & Finance, Elsevier, vol. 28(7), pages 1521-1545, July.
- Giesecke, Kay, 2006. "Default and information," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2281-2303, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Decamps, Jean-Paul & Rochet, Jean-Charles & Roger, Benoit, 2004.
"The three pillars of Basel II: optimizing the mix,"
Journal of Financial Intermediation, Elsevier, vol. 13(2), pages 132-155, April.
- Décamps, Jean-Paul & Rochet, Jean-Charles & Roger, Benoît, 2003. "The Three Pillars of Basel II, Optimizing the Mix," IDEI Working Papers 179, Institut d'Économie Industrielle (IDEI), Toulouse.
- Pierre Mella-Barral & Pierre Tychon, 1996.
"Default Risk in Asset Pricing,"
FMG Discussion Papers
dp250, Financial Markets Group.
- Mella-Baral, Pierre & Tychon, Pierre, 1996. "Default risk in asset pricing," LIDAM Discussion Papers IRES 1996021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Ewerhart, Christian & Cassola, Nuno & Valla, Natacha, 2012. "Overbidding in fixed rate tenders: The role of exposure risk," Journal of Banking & Finance, Elsevier, vol. 36(2), pages 539-549.
- Jukka Isohätälä & Alistair Milne & Donald Robertson, 2020.
"The Net Worth Trap: Investment and Output Dynamics in the Presence of Financing Constraints,"
Mathematics, MDPI, vol. 8(8), pages 1-32, August.
- Isohätälä, Jukka & Milne, Alistair & Robertson, Donald, 2014. "The net worth trap: investment and output dynamics in the presence of financing constraints," Bank of Finland Research Discussion Papers 26/2014, Bank of Finland.
- YingHua He & Thierry Magnac, 2022.
"Application Costs and Congestion in Matching Markets,"
The Economic Journal, Royal Economic Society, vol. 132(648), pages 2918-2950.
- He, Yinghua & Magnac, Thierry, 2017. "Application Costs and Congestion in Matching Markets," TSE Working Papers 17-870, Toulouse School of Economics (TSE), revised Feb 2019.
- Yinghua He & Thierry Magnac, 2022. "Application Costs and Congestion in Matching Markets," Post-Print hal-03979233, HAL.
- Magnac, Thierry & He, YingHua, 2020. "Application Costs and Congestion in Matching Markets," CEPR Discussion Papers 15082, C.E.P.R. Discussion Papers.
- Oriol Carbonell-Nicolau, 2021.
"Equilibria in infinite games of incomplete information,"
International Journal of Game Theory, Springer;Game Theory Society, vol. 50(2), pages 311-360, June.
- Oriol Carbonell-Nicolau, 2017. "Equilibria in Infinite Games of Incomplete Information," Departmental Working Papers 201702, Rutgers University, Department of Economics.
- Correia, Ricardo & Población, Javier, 2015. "A structural model with Explicit Distress," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 112-130.
- Eric J. Hoffmann & Tarun Sabarwal, 2019.
"Equilibrium existence in global games with general payoff structures,"
Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 105-115, May.
- Eric J. Hoffmann & Tarun Sabarwal, 2017. "Equilibrium Existence in Global Games With General Payoff Structures," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201702, University of Kansas, Department of Economics, revised Feb 2017.
- Agliardi, Elettra & Andergassen, Rainer, 2009.
"Last resort gambles, risky debt and liquidation policy,"
Review of Financial Economics, Elsevier, vol. 18(3), pages 142-155, August.
- Elettra Agliardi & Rainer Andergassen, 2009. "Last resort gambles, risky debt and liquidation policy," Review of Financial Economics, John Wiley & Sons, vol. 18(3), pages 142-155, August.
- E. Agliardi & R. Andergassen, 2006. "Last Resort Gambles, Risky Debt and Liquidation Policy," Working Papers 577, Dipartimento Scienze Economiche, Universita' di Bologna.
- Elettra Agliardi & Rainer Andergassen, 2007. "Last Resort Gambles, Risky Debt and Liquidation Policy," Working Paper series 31_07, Rimini Centre for Economic Analysis.
- Bajoori, Elnaz & Flesch, János & Vermeulen, Dries, 2016.
"Behavioral perfect equilibrium in Bayesian games,"
Games and Economic Behavior, Elsevier, vol. 98(C), pages 78-109.
- Elnaz Bajoori & Janos Flesch & Dries Vermeulen, 2013. "Behavioral Perfect Equilibrium in Bayesian Games," Department of Economics Working Papers 16/13, University of Bath, Department of Economics.
- Kanak Patel & Ricardo Pereira, 2007. "Expected Default Probabilities in Structural Models: Empirical Evidence," The Journal of Real Estate Finance and Economics, Springer, vol. 34(1), pages 107-133, January.
- Simon Cornée & David Masclet & Gervais Thenet, 2012.
"Credit Relationships: Evidence from Experiments with Real Bankers,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 957-980, August.
- Simon Corn√Âe & David Masclet & Gervais Thenet, 2012. "Credit Relationships: Evidence from Experiments with Real Bankers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 957-980, August.
- Simon Cornée & David Masclet & Gervais Thenet, 2012. "Credit Relationships: Evidence from Experiments with Real Bankers," Post-Print hal-02944446, HAL.
- Simon Cornée & David Masclet & Gervais Thenet, 2012. "Credit relationships: evidence from experiments with real bankers," Post-Print halshs-00738118, HAL.
- Attar, Andrea & Campioni, Eloisa & Mariotti, Thomas & Pavan, Alessandro, 2021.
"Keeping the Agents in the Dark: Private Disclosures in Competing Mechanisms,"
TSE Working Papers
21-1227, Toulouse School of Economics (TSE), revised Dec 2023.
- Andrea Attar & Eloisa Campioni & Thomas Mariotti & Alessandro Pavan, 2023. "Keeping the agents in the dark : private disclosures in competing mechanisms," Working Papers hal-03266804, HAL.
- Mariotti, Thomas & Attar, Andrea & Campioni, Eloisa & Pavan, Alessandro, 2021. "Keeping the Agents in the Dark: Private Disclosures in Competing Mechanisms," CEPR Discussion Papers 16807, C.E.P.R. Discussion Papers.
- Andrea Attar & Eloisa Campioni & Thomas Mariotti & Alessandro Pavan, 2021. "Keeping the Agents in the Dark: Private Disclosures in Competing Mechanisms," CEIS Research Paper 519, Tor Vergata University, CEIS, revised 21 Oct 2021.
- Ohad Kadan & Philip J. Reny & Jeroen M. Swinkels, 2017.
"Existence of Optimal Mechanisms in Principal‐Agent Problems,"
Econometrica,
Econometric Society, vol. 85, pages 769-823, May.
- Philip J. Reny & Jeroen Swinkels & Ohad Kadan, 2011. "Existence of Optimal Mechanisms in Principal-Agent Problems," Working Papers 2011-002, Becker Friedman Institute for Research In Economics.
- He, Wei & Yannelis, Nicholas C., 2016. "Existence of equilibria in discontinuous Bayesian games," Journal of Economic Theory, Elsevier, vol. 162(C), pages 181-194.
- Hege, U. & Mella-Barral, P., 1999.
"Collateral, Renegotiation and the Value of Diffusely Held Debt,"
Other publications TiSEM
d1806bd7-b34c-4249-b6fd-2, Tilburg University, School of Economics and Management.
- Mella-Barral, Pierre & Hege, Ulrich, 2000. "Collateral, Renegotiation And The Value Of Diffusely Held Debt," CEPR Discussion Papers 2417, C.E.P.R. Discussion Papers.
- Hege, Ulrich & Mella-Barral, Pierre, 2000. "Collateral, renegotiation and the value of diffusely held debt," LSE Research Online Documents on Economics 119110, London School of Economics and Political Science, LSE Library.
- Pierre Mella-Barral & Ulrich Hege, 2000. "Collateral, Renegotiation and the Value of Diffusely Held Debt," FMG Discussion Papers dp339, Financial Markets Group.
- Hege, U. & Mella-Barral, P., 1999. "Collateral, Renegotiation and the Value of Diffusely Held Debt," Discussion Paper 1999-94, Tilburg University, Center for Economic Research.
- Shibata, Takashi & Nishihara, Michi, 2018. "Investment timing, reversibility, and financing constraints," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 771-796.
- Daley, Brendan & Sadowski, Philipp, 2017. "Magical thinking: A representation result," Theoretical Economics, Econometric Society, vol. 12(2), May.
- Drake, Samielle & Xu, Fei, 2023. "Regulation and Competition in Public Procurement," Umeå Economic Studies 1013, Umeå University, Department of Economics.
- Philip J. Reny, 2011.
"On the Existence of Monotone Pure‐Strategy Equilibria in Bayesian Games,"
Econometrica, Econometric Society, vol. 79(2), pages 499-553, March.
- Philip J Reny, 2005. "On the Existence of Monotone Pure Strategy Equilibria in Bayesian Games," NajEcon Working Paper Reviews 784828000000000413, www.najecon.org.
- Philip J. Reny, 2005. "On the Existence of Monotone Pure Strategy Equilibria in Bayesian Games," Levine's Working Paper Archive 784828000000000067, David K. Levine.
- Philip J Reny, 2005. "On the Existence of Monotone Pure Strategy Equilibria in Bayesian Games," Levine's Working Paper Archive 784828000000000413, David K. Levine.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eecrev:v:40:y:1996:i:3-5:p:897-907. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eer .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.