A New Bankruptcy Procedure that Uses Multiple Auctions
We develop a new bankruptcy procedure that makes use of multiple auctions. The procedure" is designed to work even when capital markets do not function well (for example in developing" economies, or in economies in transition) -- although it can be used in all economies."
|Date of creation:||Nov 1997|
|Date of revision:|
|Publication status:||published as European Economic Review, Papers and Proceedings, Vol. 41, nos. 3-5(April 1997): 461-473.|
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"Law and Finance,"
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CEP Discussion Papers
dp0093, Centre for Economic Performance, LSE.
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- Philippe Aghion & Oliver Hart & John Moore, 1992. "The Economics of Bankruptcy Reform," NBER Working Papers 4097, National Bureau of Economic Research, Inc.
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