Access to consumer credit on American Indian reservations has been a longstanding concern and yet measurement of consumer credit on reservations is scarce and incomplete. This paper draws on a unique large-scale consumer credit database to provide the first encompassing quantitative picture of...

While it is well known that the majority of civil cases filed in U.S. courts are not resolved through trial, little is known empirically about the modes of civil case disposition worldwide. To fill this void in the literature, we analyze civil case disposition in post-socialist Slovenia. We...

Although a common institutional arrangement, self-regulation as an alternative to direct government regulation has received relatively little attention from economists. This paper uses a framework inspired by property rights theory to analyze the allocation of regulatory authority. In a model of...

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure of ex-post efficiency of an insolvency regime,...

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure of ex-post efficiency of an insolvency regime,...

We examine micro-level data on Slovenian court-supervised financial reorganizations in order to provide a rare empirical insight into the effectiveness of bankruptcy institutions at fulfilling their primary role: encouraging the liquidation of non-viable firms and promoting the restructuring of...