Debt Games: Strategic Interaction in International Debt Rescheduling

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9780511609282: Debt Games: Strategic Interaction in International Debt Rescheduling
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This book explains the significant variation that has emerged over time and across cases in international debt rescheduling during the past one hundred and seventy years. Based on a novel situational theory of bargaining, Professor Aggarwal's study provides a method to deduce actors' payoffs in different bargaining situations to develop "debt games," which are then used to predict negotiating outcomes. This integrated political-economic approach to analyze bargaining episodes goes beyond simple economic models or purely descriptive studies. In doing so, it contributes to international political and economic theory, game theory, and historical research on debt negotiations.

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Based on a novel theory of bargaining, this study provides a method to deduce actors' payoffs in bargaining situations and develop "debt games," used in predicting negotiating outcomes. It contributes to international political and economic theory, game theory, and debt negotiations research.

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'Combining rich historical detail with an innovative and broad ranging application of game theory, Aggarwal has brought penetrating new insight to the old issue of international debt negotiation. Nowhere will a reader find a more rewarding analysis of the strategic interaction between troubled debtors and their creditors. This is must reading for anyone interested in the complexities of international bargaining.'-Benjamin J. Cohen University of California, Santa Barbara

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Other Popular Editions of the Same Title

9780521555524: Debt Games: Strategic Interaction in International Debt Rescheduling

Featured Edition

ISBN 10:  0521555523 ISBN 13:  9780521555524
Publisher: Cambridge University Press, 1996
Softcover

9780521352024: Debt Games: Strategic Interaction in International Debt Rescheduling

Cambri..., 1996
Hardcover