A New Bankruptcy Procedure that Uses Multiple Auctions
Working Paper 6278
DOI 10.3386/w6278
Issue Date
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."
Published Versions
European Economic Review, Papers and Proceedings, Vol. 41, nos. 3-5(April 1997): 461-473. citation courtesy of 
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