Bankruptcy in America, in stark contrast to its status in most other countries, typically signifies not a debtor's last gasp but an opportunity to catch one's breath and recoup. Why has the nation's legal system evolved to allow both corporate and individual debtors greater control over their...

This volume addresses a variety of topics where economic concepts are intertwined with important legal and policy issues in North America and Europe. Five articles involve analyses of competition issues, including economic plus factors in price fixing cases, the impact of refusals to deal on...