A New Bankruptcy Procedure that Uses Multiple Auctions
Harvard University - Department of Economics; National Bureau of Economic Research (NBER)
Robert W. Drago
Pennsylvania State University - Department of Labor Studies and Industrial Relations
Florencio Lopez de Silanes
EDHEC Business School; National Bureau of Economic Research (NBER); Tinbergen Institute
University of Edinburgh - Economics; London School of Economics
NBER Working Paper No. w6278
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: 21working papers series
Date posted: July 8, 2000
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