Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a … had caused ambiguity. A significant factor that has increased the probability of bankruptcy in recent times has been the … Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a …

clearing house (bank) which monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that … a version of the Capital Asset Pricing Model with bankruptcy. In this case we can characterize equilibrium prices and …