A New Bankruptcy Procedure that Uses Multiple Auctions

Oliver D. Hart, Rafael La Porta (), Florencio Lopez-de-Silane and John Moore
Authors registered in the RePEc Author Service: Florencio Lopez-de-Silanes ()

No 6278, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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."

JEL-codes: G33 K22 (search for similar items in EconPapers)
Date: 1997-11
Note: CF
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Journal Article: A new bankruptcy procedure that uses multiple auctions (1997)
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