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Journal Article Debt with Potential Repudiation: Theoretical and Empirical Analysis Get access Jonathan Eaton, Jonathan Eaton Princeton University Search for other works by this author on: Oxford Academic Google Scholar Mark Gersovitz Mark Gersovitz Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 2, April 1981, Pages 289–309, https://doi.org/10.2307/2296886 Published: 01 April 1981 Article history Received: 01 April 1978 Accepted: 01 June 1980 Published: 01 April 1981
Eaton et al. (1981) studied this question.