NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A New Bankruptcy Procedure that Uses Multiple Auctions

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

NBER Working Paper No. 6278
Issued in November 1997
NBER Program(s):   CF

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."

download in pdf format
   (757 K)

email paper

This paper is available as PDF (757 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Published: European Economic Review, Papers and Proceedings, Vol. 41, nos. 3-5(April 1997): 461-473.

Users who downloaded this paper also downloaded these:
Aghion, Hart, and Moore The Economics of Bankruptcy Reform
Aghion, Hart, and Moore w4097 The Economics of Bankruptcy Reform
Hart w7921 Different Approaches to Bankruptcy
Hart and Moore w3431 A Theory of Corporate Financial Structure Based on the Seniority of Claims
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us