A new bankruptcy procedure that uses multiple auctions

Oliver Hart; Rafael La Porta Drago; Florencio Lopez-de-Silanes; John Moore

A new bankruptcy procedure that uses multiple auctions

Oliver Hart, Rafael La Porta Drago, Florencio Lopez-de-Silanes, John Moore

Research output: Contribution to journal › Article › peer-review

Abstract

We propose 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. © 1997 Elsevier Science B.V.

Original language	English
Pages (from-to)	461-473
Number of pages	13
Journal	European Economic Review
Volume	41
Issue number	3-5
Publication status	Published - Apr 1997

Keywords

Bankruptcy reform

Cite this

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title = "A new bankruptcy procedure that uses multiple auctions",

abstract = "We propose 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. {\textcopyright} 1997 Elsevier Science B.V.",

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SP - 461

EP - 473

JO - European Economic Review

JF - European Economic Review

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A new bankruptcy procedure that uses multiple auctions

Abstract

Keywords

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