A New Bankruptcy Procedure That Uses Multiple Auctions

Citation:

LaPorta, Rafael, Florencio Lopez-de-Silanes, Oliver Hart, and John Moore. 1997. “A New Bankruptcy Procedure That Uses Multiple Auctions”. Copy at http://www.tinyurl.com/lp8bx77

Date Published:

Nov 1, 1997

Abstract:

We developed 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.

Notes:

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