Strategic default
Take This House and Shove It: The Emotional Drivers of Strategic Default
... Take This House and Shove It The Emotional Drivers of Strategic Default SMU Law Review Volume 63 | Issue 4 Article 6 2010 Take This House and Shove It The Emotional Drivers of Strategic Default Brent[.] ...
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Debt Contract, Strategic Default, and Optimal Penalties with Judgement Errors.
... Now, let us assume that β = 0.02. Consider the effects of an increase of the audit cost c. Figure 4 shows that the audit probability is decreasing with c. The intuition is simple: when auditing becomes more costly, ...
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Moral and Social Constraints to Strategic Default on Mortgages
... for strategic default - but also what other non-economic factors can increase or decrease this ...of strategic default via its impact on the bite of social and moral ...strategically ...
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Strategic Default: The Popularization of a Debate Among Contract Scholars
... about strategic default, which mirrors an ongoing debate among scholars concerning whether the breach of a contract has a moral ...of strategic default provides a rich avenue to discuss the ...
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The Determinants of Attitudes towards Strategic Default on Mortgages
... to default per given home equity shortfall is roughly constant during this ...to default, on the other hand, the learning about the cost of defaulting, which over time increases the willingness to ...to ...
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Strategic default on first and second lien mortgages during the financial crisis
... consumer strategic default behavior for their first mortgages ...to strategic default being an extreme case in which a homeowner’s income is well above what is required to comfortably make ...
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Strategic Default and Equity Risk Across Countries
... not strategic default is an important factor for the pricing of Önancial ...shareholdersí strategic default may a§ect the valuation of debt and equity (Francois and Morellec (2004), Davydenko ...
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Homeowners with Jumbos Pose Greatest Risk of Strategic Default
... A strategic default is the decision by a borrower to stop making payments ...to default) on a debt despite having the financial ability to make the ...
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Strategic Default: The Popularization of a Debate Among Contract Scholars
... about strategic default, which mirrors an ongoing debate among scholars concerning whether the breach of a contract has a moral ...of strategic default provides a rich avenue to discuss the ...
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Breaching the Mortgage Contract: The Behavioral Economics of Strategic Default
... period. Default is perceived as less immoral when the original promisee is no longer a party to the ...consider default to be less immoral and more ...
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Vulnerability of Microfinance to Strategic Default and Covariate Shocks: Evidence from Pakistan
... (1) strategic default is a serious problem for microfinance and (2) contingent renewal is a prerequisite for joint liability to prevent strategic ...
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Strategic Default Induced by Loan Modification Programs
... mortgage default (Quercia, Ding, and Ratcliffe [2009]; Foote, Gerardi, and Willen [2008]; Bajari, Chu, and Park [2008]; and Guiso, Sapienza, and Zingales ...the strategic choice of default among ...
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Moral and Social Constraints to Strategic Default on Mortgages
... for strategic default - but also what other non-economic factors can increase or decrease this ...of strategic default via its impact on the bite of social and moral ...strategically ...
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Sovereign Bailouts and Moral Hazard with Strategic Default
... on labor, implying that raising taxes has an increasing cost in terms of labor supply and output. Borrowing decisions are crucially constrained by the market’s willingness to lend. The maximum amount that the markets are ...
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"Mortgage Modification and Strategic Default: Evidence from a Legal Settlement with Countrywide" Edward Morrison. (Columbia Law School)
... identify strategic responses to public announcement of the Countrywide Settlement using an extensive dataset with information about all privately securitized mortgages, including the name of the servicer, ...
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Multiple Lenders, Strategic Default and the Role of Debt Covenants
... Several regulatory mechanisms have been suggested to mitigate the damaging implications of side trading. Some rely on enhancing the observability of trades. Acharya and Bisin (2014) con- struct a centralized clearing ...
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Reserve management and sovereign debt cost in a world with liquidity crises
... and strategic default, we model a contracting game between international lenders and a country, which delivers the country's optimal portfolio choice and the cost of sovereign debt: at equilibrium, the ...
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Do Liquidated Damages Clauses Affect Strategic Mortgage Default Morality? A Test of the Disjunctive Thesis
... mortgage. Strategic Default shares that the couple can afford to make their payments, but has stopped making monthly mortgage payments because they believe it is no longer in their best financial ...
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Is Secured Debt Used to Redistribute Value from Tort Claimants in Bankruptcy? An Empirical Analysis
... liquidity default is high for these ...liquidity default will follow. Strategic defaults are relatively less likely, by ...high strategic default possibilities that outweigh the ...
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Défaut de paiement stratégique et loi sur les défaillances d'entreprises
... Strategic default and bankruptcy law Chopard, Bertrand and Langlais, Eric CEREFIGE- Nancy University, EconomiX University of Paris X-Nanterre.[r] ...
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