Christian Opp Vincent Glode Apr 30,2021
We propose a model of strategic debt renegotiation in which businesses are sequentially interconnected through their liabilities. This financing structure,... Read More
Jerome Dugast, Pierre-Olivier Weill , Semih Uslu Jul 09,2019
Should regulators encourage the migration of trade from over-the-counter (OTC) to centralized markets? To address this question, we consider a... Read More
Brendan Daley , Brett Green May 04,2017
We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gradually learning... Read More