A New Bankruptcy Procedure that Uses Multiple Auctions - (Now published in 'European Economics Review', vol.41(3/5), 1997, pp.461-473.)

We propose 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.

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Year of publication:	1996-10
Authors:	Hart, Oliver ; Drago, R La Porta ; Lopez-de-Silanes, F ; Moore, John
Institutions:	Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

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Series:	STICERD - Theoretical Economics Paper Series.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005797394