A New Bankruptcy Procedure that Uses Multiple Auctions

Oliver 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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

Published as European Economic Review, Papers and Proceedings, Vol. 41, nos. 3-5(April 1997): 461-473.

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