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,"
3451310, Harvard University Department of Economics.
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NBER Working Papers
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