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Project Financing when the Principal Cannot Commit

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  • M. Martin Boyer

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  • M. Martin Boyer, 2001. "Project Financing when the Principal Cannot Commit," CIRANO Working Papers 2001s-29, CIRANO.
    • Handle: RePEc:cir:cirwor:2001s-29
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    File URL: https://cirano.qc.ca/files/publications/2001s-29.pdf
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    18. Gale, Douglas & Hellwig, Martin, 1989. "Repudiation and Renegotiation: The Case of Sovereign Debt," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(1), pages 3-31, February.
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    Cited by:

    1. Karel Janda, 2004. "Bankruptcy Procedures with Ex Post Moral Hazard," Working Papers IES 61, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2004.
    2. Karel Janda, 2007. "Optimal Debt Contracts in Emerging Markets with Multiple Investors," Prague Economic Papers, Prague University of Economics and Business, vol. 2007(2), pages 115-129.

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    More about this item

    Keywords

    Commitment; financing; asymmetric information; ex post moral hazard; Engagement; financement; information asymétrique; aléa moral ex post;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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