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A New Bankruptcy Procedure that Uses Multiple AuctionsOliver HartHarvard University - Department of Economics; National Bureau of Economic Research (NBER) Robert W. DragoPennsylvania State University - Department of Labor Studies and Industrial Relations Florencio Lopez de SilanesEDHEC Business School; National Bureau of Economic Research (NBER); Tinbergen Institute John MooreUniversity of Edinburgh - Economics; London School of Economics November 1997 NBER Working Paper No. w6278 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."
Number of Pages in PDF File: 21 working papers seriesDate posted: July 8, 2000Suggested CitationContact Information
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