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We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public...
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This papers studies three questions. What do we know about criminals 'preferences ? How should we represent such preferences ? What are the consequences for law enforcement policies ?
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