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A New Bankruptcy Procedure that Uses Multiple Auctions

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NBER1997-11-01 更新2025-01-04 收录
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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."

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1997-11-01
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