This paper uses a simplified version of the Duffie and Lando (2002) deferred filtration model to handle the effect of … in the deferred filtration model gives a very useful way of calibrating this uncertainty and provides convenient closed …

This paper shows that the standard and deferred filtration structural models of corporate default are isomorphic … information. It shows that the accounting lag, which provides a general indicator of uncertainty and opacity in the deferred … filtration model, plays a role analogous to that of forward maturity in the standard model. The comparative static properties of …