The Economics of Bankruptcy: An Introduction to the Literature

Morrison, Edward R.

Abstract

The Economics of Bankruptcy: An Introduction to the Literature

Edward R. Morrison

University of Chicago - Law School

December 30, 2009

Columbia Law and Economics Working Paper No. 366

Abstract:
This essay surveys important contributions to the economics of bankruptcy. It is an introductory chapter for a forthcoming volume (from Edward Elgar Press) that compiles the work of legal scholars as well as economists working in the field of corporate finance. The essay begins with the foundational theories of Baird, Jackson, and Rea and then collects scholarly work extending, testing, or revising those theories. At various points I identify questions that merit further study, particularly empirical testing.

Keywords: Bankruptcy, corporate reorganization, corporate finance, literature review

JEL Classification: D14, D18, D86, D91, G30, G32, G33, G34, K00, K22, K29, K35, L11, L93

working papers series

Date posted: February 2, 2010 ; Last revised: June 1, 2010

Suggested Citation

Morrison, Edward R., The Economics of Bankruptcy: An Introduction to the Literature (December 30, 2009). Columbia Law and Economics Working Paper No. 366. Available at SSRN: http://ssrn.com/abstract=1529822

Contact Information

Edward R. Morrison (Contact Author)

University of Chicago - Law School ( email )

1111 E. 60th St.
Chicago, IL 60637
United States