A New Bankruptcy Procedure that Uses Multiple Auctions
Auteur : Oliver Hart
Date de publication : 1997
Éditeur : National Bureau of Economic Research
Nombre de pages : 19
Résumé du livre
We develop a new bankruptcy procedure that makes use of multiple auctions. The procedure" is designed to work even when capital markets do not function well (for example in developing" economies, or in economies in transition) -- although it can be used in all economies."