Matches in SemOpenAlex for { <https://semopenalex.org/work/W2238049417> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W2238049417 endingPage "255" @default.
- W2238049417 startingPage "239" @default.
- W2238049417 abstract "Abstract The presence of “holdouts” in recent sovereign debt swaps poses a challenge to bargaining models which assume all creditors to be homogeneous. We modify the Rubinstein “alternating offers” framework so as to accommodate exogenous creditor heterogeneity – specifically holdouts more patient than other bondholders. The “second best” equilibrium derived is an initial offer and an associated “lock-law” sufficient to tempt impatient creditors into a prompt bond exchange. This is followed by a delayed, but more generous, swap with the patient creditors, timed to take place when the lock-law expires. In practice, however, the presence of holdouts may be endogenous : they may be late-comers who buy distressed bonds with a view to litigating for the full face value plus their costs of waiting. Provisions for protecting other bond holders from the negative externality caused by such tactics are briefly discussed. However, where the judge has mandated good faith bargaining with holdout creditors, the bargaining outcome we derive may be useful to indicate a basis for compromise." @default.
- W2238049417 created "2016-06-24" @default.
- W2238049417 creator A5007263965 @default.
- W2238049417 creator A5076530908 @default.
- W2238049417 date "2015-12-01" @default.
- W2238049417 modified "2023-09-26" @default.
- W2238049417 title "Writing-Down Debt with Heterogeneous Creditors: Lock Laws and Late Swaps" @default.
- W2238049417 cites W1966971388 @default.
- W2238049417 cites W1975090333 @default.
- W2238049417 cites W2003762367 @default.
- W2238049417 cites W2091937213 @default.
- W2238049417 cites W2139481957 @default.
- W2238049417 cites W2157796409 @default.
- W2238049417 cites W4212846050 @default.
- W2238049417 cites W4254353342 @default.
- W2238049417 doi "https://doi.org/10.1515/jgd-2015-0017" @default.
- W2238049417 hasPublicationYear "2015" @default.
- W2238049417 type Work @default.
- W2238049417 sameAs 2238049417 @default.
- W2238049417 citedByCount "2" @default.
- W2238049417 countsByYear W22380494172019 @default.
- W2238049417 countsByYear W22380494172020 @default.
- W2238049417 crossrefType "journal-article" @default.
- W2238049417 hasAuthorship W2238049417A5007263965 @default.
- W2238049417 hasAuthorship W2238049417A5076530908 @default.
- W2238049417 hasBestOaLocation W22380494172 @default.
- W2238049417 hasConcept C10138342 @default.
- W2238049417 hasConcept C120527767 @default.
- W2238049417 hasConcept C144133560 @default.
- W2238049417 hasConcept C159091798 @default.
- W2238049417 hasConcept C16118543 @default.
- W2238049417 hasConcept C162324750 @default.
- W2238049417 hasConcept C175444787 @default.
- W2238049417 hasConcept C17744445 @default.
- W2238049417 hasConcept C190253527 @default.
- W2238049417 hasConcept C199539241 @default.
- W2238049417 hasConcept C2777544581 @default.
- W2238049417 hasConcept C32959826 @default.
- W2238049417 hasConcept C46355384 @default.
- W2238049417 hasConcept C556758197 @default.
- W2238049417 hasConcept C69738904 @default.
- W2238049417 hasConcept C99821215 @default.
- W2238049417 hasConceptScore W2238049417C10138342 @default.
- W2238049417 hasConceptScore W2238049417C120527767 @default.
- W2238049417 hasConceptScore W2238049417C144133560 @default.
- W2238049417 hasConceptScore W2238049417C159091798 @default.
- W2238049417 hasConceptScore W2238049417C16118543 @default.
- W2238049417 hasConceptScore W2238049417C162324750 @default.
- W2238049417 hasConceptScore W2238049417C175444787 @default.
- W2238049417 hasConceptScore W2238049417C17744445 @default.
- W2238049417 hasConceptScore W2238049417C190253527 @default.
- W2238049417 hasConceptScore W2238049417C199539241 @default.
- W2238049417 hasConceptScore W2238049417C2777544581 @default.
- W2238049417 hasConceptScore W2238049417C32959826 @default.
- W2238049417 hasConceptScore W2238049417C46355384 @default.
- W2238049417 hasConceptScore W2238049417C556758197 @default.
- W2238049417 hasConceptScore W2238049417C69738904 @default.
- W2238049417 hasConceptScore W2238049417C99821215 @default.
- W2238049417 hasIssue "2" @default.
- W2238049417 hasLocation W22380494171 @default.
- W2238049417 hasLocation W22380494172 @default.
- W2238049417 hasOpenAccess W2238049417 @default.
- W2238049417 hasPrimaryLocation W22380494171 @default.
- W2238049417 hasRelatedWork W1481977018 @default.
- W2238049417 hasRelatedWork W1595377468 @default.
- W2238049417 hasRelatedWork W2062081142 @default.
- W2238049417 hasRelatedWork W2238049417 @default.
- W2238049417 hasRelatedWork W2995627424 @default.
- W2238049417 hasRelatedWork W3122435236 @default.
- W2238049417 hasRelatedWork W3122551514 @default.
- W2238049417 hasRelatedWork W3124440134 @default.
- W2238049417 hasRelatedWork W3143617148 @default.
- W2238049417 hasRelatedWork W3145221434 @default.
- W2238049417 hasVolume "6" @default.
- W2238049417 isParatext "false" @default.
- W2238049417 isRetracted "false" @default.
- W2238049417 magId "2238049417" @default.
- W2238049417 workType "article" @default.