The accepted economic function of bankruptcy law is that it resolves collective action problems between self-interested creditors. This article argues that this collective-action-resolving function is only one of a multitude of expressions of an overarching economic motivation of bankruptcy law....

Two books on law and development and the law-and-finance literature have produced a major opening for the field of international statistical comparisons of legal systems. This review provides some background from microstructure to help the understanding of the effects the statistical comparisons...

Two books on law and development and the law-and-finance literature have produced a major opening for the field of international statistical comparisons of legal systems. This review provides some background from microstructure to help the understanding of the effects the statistical comparisons...