First-best debt relief

Menzies, GD

First-best debt relief

Menzies, GD

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Publication Type:: Journal Article
Citation:: Economics Letters, 2004, 82 (3), pp. 301 - 306
Issue Date:: 2004-03-01

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Field	Value	Language
dc.contributor.author	Menzies, GD https://orcid.org/0000-0003-4133-2282	en_US
dc.date.issued	2004-03-01	en_US
dc.identifier.citation	Economics Letters, 2004, 82 (3), pp. 301 - 306	en_US
dc.identifier.issn	0165-1765	en_US
dc.identifier.uri	http://hdl.handle.net/10453/5079
dc.description.abstract	The rationale for debt relief (J. Dev. Econ. 29 (1988) 253) is second best. In a first-best ontract, a debtor who clears a (partly forgiven) debt receives an additional payment from the creditor, called a hyper-incentive . © 2003 Elsevier B.V. All rights reserved.	en_US
dc.relation.ispartof	Economics Letters	en_US
dc.relation.isbasedon	10.1016/j.econlet.2003.07.009	en_US
dc.subject.classification	Economics	en_US
dc.title	First-best debt relief	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	82	en_US
utslib.for	140212 Macroeconomics (incl. Monetary and Fiscal Theory)	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	82	en_US

Abstract:

The rationale for debt relief (J. Dev. Econ. 29 (1988) 253) is second best. In a first-best ontract, a debtor who clears a (partly forgiven) debt receives an additional payment from the creditor, called a hyper-incentive . © 2003 Elsevier B.V. All rights reserved.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/5079