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

DOI10.1007/S00199-016-1001-4zbMATH Open1398.91448OpenAlexW2528897681MaRDI QIDQ680968FDOQ680968

Authors: 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

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zbMATH Keywords

negotiationtiming gamessovereign debt

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (3)

• A game theoretical approach to the international debt overhang
• Preemption with a second-mover advantage
• Introduction to the special issue on models of debt and debt crises

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