• 1. The Model
  • 1.1 Assumptions
  • 1.2 Analysis: Ex-Post Incentives with Stylized Benkruptcy Regimes
  • 1.3 Reform Proposal: Ex-Post Incentives with a Variable Period of Good Conduct
  • 1.4 Return to the Creditor
  • 1.5 Stigma of Bankruptcy
  • 2. Discussion
  • 3. Are existing bankruptcy codes incentive-compatible?
  • 4. Conclusion