A NEW BANKRUPTCY PROCEDURE THAT USES MULTIPLE AUCTIONS

Authors
HART O DRAGO RL LOPEZDESILANES F MOORE J
Citation
O. Hart et al., A NEW BANKRUPTCY PROCEDURE THAT USES MULTIPLE AUCTIONS, European economic review, 41(3-5), 1997, pp. 461-473
Citations number
16
Categorie Soggetti
Economics
Journal title
European economic review → ACNP
ISSN journal
00142921
Volume
41
Issue
3-5
Year of publication
1997
Pages
461 - 473
Database
ISI
SICI code
0014-2921(1997)41:3-5<461:ANBPTU>2.0.ZU;2-H
Abstract
We propose a new bankruptcy procedure, that makes use of multiple auct ions. The procedure is designed to work even when capital markets do n ot function well (for example in developing economies, or in economies in transition) - although it can be used in all economies. (C) 1997 E lsevier Science B.V.