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Debt with Potential Repudiation: Theoretical and Empirical Analysis


  • Jonathan Eaton
  • Mark Gersovitz


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  • Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," Review of Economic Studies, Oxford University Press, vol. 48(2), pages 289-309.
  • Handle: RePEc:oup:restud:v:48:y:1981:i:2:p:289-309.

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    References listed on IDEAS

    1. Grossman, Herschel I, 1979. "Employment Fluctuations and the Mitigation of Risk," Economic Inquiry, Western Economic Association International, vol. 17(3), pages 344-358, July.
    2. Azariadis, Costas, 1978. "Escalator clauses and the allocation of cyclical risks," Journal of Economic Theory, Elsevier, vol. 18(1), pages 119-155, June.
    3. Grossman, Herschel I., 1978. "Risk shifting, layoffs, and seniority," Journal of Monetary Economics, Elsevier, vol. 4(4), pages 661-686, November.
    4. Seater, John J., 1977. "A unified model of consumption, labor supply, and job search," Journal of Economic Theory, Elsevier, vol. 14(2), pages 349-372, April.
    5. Barro, Robert J., 1977. "Long-term contracting, sticky prices, and monetary policy," Journal of Monetary Economics, Elsevier, vol. 3(3), pages 305-316, July.
    6. Herschel I. Grossman, 1980. "Risk Shifting, Unemployment Insurance, and Layoffs," NBER Working Papers 0424, National Bureau of Economic Research, Inc.
    7. Seater, John J., 1978. "Utility maximization, aggregate labor force behavior, and the Phillips curve," Journal of Monetary Economics, Elsevier, vol. 4(4), pages 687-713, November.
    8. Grossman, Herschel I, 1977. " Risk Shifting and Reliability in Labor Markets," Scandinavian Journal of Economics, Wiley Blackwell, vol. 79(2), pages 187-209.
    9. Barro, Robert J., 1976. "Rational expectations and the role of monetary policy," Journal of Monetary Economics, Elsevier, vol. 2(1), pages 1-32, January.
    10. Grossman, Herschel I, 1979. "Why Does Aggregate Employment Fluctuate?," American Economic Review, American Economic Association, vol. 69(2), pages 64-69, May.
    11. Lucas, Robert E., 1977. "Understanding business cycles," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 7-29, January.
    12. Lucas, Robert E, Jr & Rapping, Leonard A, 1969. "Real Wages, Employment, and Inflation," Journal of Political Economy, University of Chicago Press, vol. 77(5), pages 721-754, Sept./Oct.
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