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Diane Publishing Books
Dan Bernhardt (au); Ed Nosal (au)
Discusses Chapter 11, which structures complex negotiations between creditors and debtors that are overseen by a bankruptcy court. Identifies conditions under which it is optimal for the court to err in determining whether a firm should be liquidated. Figures the optimal error rate without renegotiation, providing conditions under which it is optimal for the court both to mistakenly liquidate “good firms,” but not “bad firms.” When creditors and debtors can renegotiate to circumvent a court and creditors have all of the bargaining power, a “blind” court -- one that ignores all info. and is equally likely to liquidate a good firm as a bad one -- is optimal. For another class of action choices, the optimal court design places the burden of proof on the entrepreneur.
Country Ribbon Crafts: Delightful Projects Using Easy Techniques
Essential Tibetan Buddhism
Commonwealth of Science: ANZAAS & the Scientific Enterprise in Australia, 1888-1988
Solutions: The Woman’s Crisis Handbook
Women of Strength: Biographies of 106 Who Have Excelled in Traditionally Male Fields, A.D. 61 to the Present
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