Prokop, Jacek - Volkswirtschaftliche Fakultät, … - 2012
The objective of this paper is to investigate the bargaining over debt rescheduling between a sovereign borrower and a … bargaining power of the creditor and the debtor can be analyzed in the situation of debt overhang. The concept of Nash bargaining … indispensible in the process of bargaining over debt rescheduling. However, the actual size of the forgiveness varies with the …