Bankruptcy and the Nash solution

The putative deficiency of the Nash solution to the bankruptcy game discussed in textbooks is shown to be a mere artefact of an unrealistic assumption made regarding the alternatives available to the bankrupt firm's creditors.

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Year of publication:	2007
Authors:	Schnabel, Jacques A.
Published in:	Applied Financial Economics Letters. - Taylor and Francis Journals, ISSN 1744-6546. - Vol. 3.2007, 4, p. 251-254
Publisher:	Taylor and Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004988276