Publisher
Springer Science and Business Media LLC
Subject
Law,Political Science and International Relations,Business and International Management
Reference6 articles.
1. W.W. Bratton, ‘Bond Covenants and Creditor Protection: Law and Economics, Theory and Practice, Substance and Process’, in this issue.
2. For a more detailed discussion of these problems, see Bratton, loc. cit. n. 1.
3. R.B. Myerson and M.A. Satterthwaite, ‘Efficient Mechanisms for Bilateral Trading’, 29 Journal of Economic Theory (1983) pp. 265–281, show that if there is asymmetric information, then there is no bargaining procedure that allows the parties to reach an efficient agreement with probability one.
4. This idea is developed formally by P. Bolton and D.S. Scharfstein, ‘Optimal Debt Structure and the Number of Creditors’, 104 Journal of Political Economy (1996) pp. 1–25.
5. See, e. g., R. Green, ‘Investment Incentives, Debt, and Warrants’, 13 Journal of Financial Economics (1984) pp. 115–136.
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