Document Type
Working Paper
Publication Date
2009
Center/Program
Center for Law and Economic Studies
Abstract
This essay surveys important contributions to the economics of bankruptcy. It is an introductory chapter for a forthcoming volume (from Edward Elgar Press) that compiles the work of legal scholars as well as economists working in the field of corporate finance. The essay begins with the foundational theories of Baird, Jackson, and Rea and then collects scholarly work extending, testing, or revising those theories. At various points I identify questions that merit further study, particularly empirical testing.
Recommended Citation
Edward R. Morrison,
The Economics of Bankruptcy: An Introduction to the Literature,
Economics of Bankruptcy, Vol. 1, Edward R. Morrison, Ed., Edward Elgar Publishing, 2013; Columbia Law & Economics Working Paper No. 366
(2009).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/2419
Included in
Banking and Finance Law Commons, Bankruptcy Law Commons, Business Organizations Law Commons, Law and Economics Commons