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Vol 23 No 5 May/June 2018

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Economics of Bankruptcy

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Edited by: Edward R. Morrison

ISBN13: 9781845426415
Published: November 2012
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback, 2 Volumes
Price: £525.00

Despatched in 2 to 4 days.

This timely book surveys seminal contributions to the economics of bankruptcy. It offers a comprehensive compilation of work by both legal scholars and economists working in the fields of corporate and consumer finance beginning with Baird, Jackson and Rea before showcasing papers that extend, test and revise their theories. An original introduction, written by the editor, provides a commentary on the featured papers and also points to questions that merit further study. This collection is an indispensable source of reference for anyone interested in the economics of bankruptcy.

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Insolvency Law
Volume I

Introduction Edward R. Morrison

1. Thomas H. Jackson (1982), 'Bankruptcy, Non-Bankruptcy Entitlements, and the Creditors' Bargain'
2. Douglas G. Baird and Thomas H. Jackson (1984), 'Corporate Reorganizations and the Treatment of Diverse Ownership Interests: A Comment on Adequate Protection of Secured Creditors in Bankruptcy'
3. Douglas G. Baird (1986), 'The Uneasy Case for Corporate Reorganizations'
4. Samuel A. Rea, Jr. (1984), 'Arm-Breaking, Consumer Credit and Personal Bankruptcy'
5. Thomas H. Jackson (1986), 'The Fresh-Start Policy in Bankruptcy Law'

6. Randal C. Picker (1992), 'Security Interests, Misbehavior, and Common Pools'
7. Patrick Bolton and David S. Scharfstein (1996), 'Optimal Debt Structure and the Number of Creditors'
8. Arturo Bris and Ivo Welch (2005), 'The Optimal Concentration of Creditors'
9. Barry E. Adler (1993), 'Financial and Political Theories of American Corporate Bankruptcy'
10. Robert K. Rasmussen (1992), 'Debtor's Choice: A Menu Approach to Corporate Bankruptcy'
11. Alan Schwartz (1997), 'Contracting About Bankruptcy'
12. Barry E. Adler (1997), 'A Theory of Corporate Insolvency' B Evidence
13. Edward R. Morrison (2009), 'Bargaining Around Bankruptcy: Small Business Workouts and State Law'
14. Julian Franks and Oren Sussman (2005), 'Financial Distress and Bank Restructuring of Small to Medium Size UK Companies'
15. Sergei A. Davydenko and Julian R. Franks (2008), 'Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the UK'
16. Stuart C. Gilson (1997), 'Transaction Costs and Capital Structure Choice: Evidence from Financially Distressed Firms'

17. Andrei Shleifer and Robert W. Vishny (1992), 'Liquidation Values and Debt Capacity: A Market Equilibrium Approach'
18. Todd C. Pulvino (1998), 'Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions'
19. Per Stromberg (2000), 'Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests'
20. Sugato Bhattacharyya and Rajdeep Singh (1999), 'The Resolution of Bankruptcy by Auction: Allocating the Residual Right of Design'
21. Lucian Arye Bebchuk (1988), 'A New Approach to Corporate Reorganizations'
22. Philippe Aghion, Oliver Hart and John Moore (1992), 'The Economics of Bankruptcy Reform'
23. Douglas G. Baird and Robert K. Rasmussen (2002), 'The End of Bankruptcy'
24. Douglas G. Baird and Robert K. Rasmussen (2003), 'Chapter 11 at Twilight'

Volume II
An introduction to both volumes by the editor appears in Volume I

1. Arturo Bris, Ivo Welch and Ning Zhu (2006), 'The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization'
2. Gregor Andrade and Steven N. Kaplan (1998), 'How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed' B Filtering Viable from Non-viable Firms
3. Lawrence A. Weiss and Karen H. Wruck (1998), 'Information Problems, Conflicts of Interest, and Asset Stripping: Chapter 11's Failure in the Case of Eastern Airlines'
4. Michelle J. White (1994), 'Corporate Bankruptcy as a Filtering Device: Chapter 11 Reorganizations and Out-of-Court Debt Restructurings'
5. Matthias Kahl (2002), 'Economic Distress, Financial Distress, and Dynamic Liquidation'
6. Vojislav Maksimovic and Gordon Phillips (1998), 'Asset Efficiency and Reallocation Decisions of Bankrupt Firms'
7. Edward R. Morrison (2007), 'Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small-Business Bankruptcies' C Ex Ante Investment Incentives Generally: Theory and Evidence
8. Robert Gertner and David Scharfstein (1991), 'A Theory of Workouts and the Effects of Reorganization Law'
9. Wei Fan and Michelle J. White (2003), 'Personal Bankruptcy and the Level of Entrepreneurial Activity'
10. Jeremy Berkowitz and Michelle J. White (2004), 'Bankruptcy and Small Firms' Access to Credit'
11. Douglas G. Baird and Edward R. Morrison (2005), 'Serial Entrepreneurs and Small Business Bankruptcies' D Ex Ante Effects of Particular Bankruptcy Rules
12. Lucian Arye Bebchuk (2002), 'Ex Ante Costs of Violating Absolute Priority in Bankruptcy'
13. Kenneth Ayotte (2007), 'Bankruptcy and Entrepreneurship: The Value of a Fresh Start'
14. Douglas G. Baird and Donald S. Bernstein (2006), 'Absolute Priority, Valuation Uncertainty, and the Reorganization Bargain'
15. Yeon-Koo Che and Alan Schwartz (1999), 'Section 365, Mandatory Bankruptcy Rules and Inefficient Continuance'
16. Barry E. Adler (1995), 'A Re-Examination of Near-Bankruptcy Investment Incentives'
17. George G. Triantis (1993), 'A Theory of the Regulation of Debtor-in-Possession Financing' E Other Topics: Industry Conditions and Forum Shopping
18. Severin Borenstein and Nancy L. Rose (1995), 'Bankruptcy and Pricing Behavior in U.S. Airline Markets'

19. Barry Adler, Ben Polak and Alan Schwartz (2000), 'Regulating Consumer Bankruptcy: A Theoretical Inquiry' B Effects on Credit Markets
20. Scott Fay, Erik Hurst and Michelle J. White (2002), 'The Household Bankruptcy Decision'
21. Reint Gropp, John Karl Scholz and Michelle J. White (1997), 'Personal Bankruptcy and Credit Supply and Demand'

Series: Economic Approaches to Law

Economic Approaches to Legal Reasoning and Interpretation ISBN 9781788111638
Published June 2018
Edward Elgar Publishing Limited
History of Law and Economics ISBN 9781786432988
Published May 2018
Edward Elgar Publishing Limited
Economics of Securities Law ISBN 9781783471812
Published March 2016
Edward Elgar Publishing Limited
Economics of Health Law ISBN 9781781003879
Published February 2016
Edward Elgar Publishing Limited
Economics of Financial Law ISBN 9781783471829
Published February 2016
Edward Elgar Publishing Limited
Economics of Intellectual Property Law ISBN 9781845425456
Published December 2007
Edward Elgar Publishing Limited
Economics Of Administrative Law ISBN 9781845429720
Published November 2007
Edward Elgar Publishing Limited
Economics Of Tort Law
Edited by: Alan O. Sykes
ISBN 9781845424541
Published September 2007
Edward Elgar Publishing Limited
Economics Of Evidence, Procedure And Litigation ISBN 9781845429393
Published September 2007
Edward Elgar Publishing Limited
Economics of Conflict of Laws ISBN 9781847200761
Published August 2007
Edward Elgar Publishing Limited
Economics Of Labor And Employment Law ISBN 9781845427061
Published August 2007
Edward Elgar Publishing Limited
Economics of Property Law ISBN 9781847201140
Published July 2007
Edward Elgar Publishing Limited
Economics of Contract Law ISBN 9781845426521
Published February 2007
Edward Elgar Publishing Limited
Economics of Federalism ISBN 9781845425272

Edward Elgar Publishing Limited
Economics of Family Law ISBN 9781845424398

Edward Elgar Publishing Limited
Economics of European Union Law ISBN 9781845426392

Edward Elgar Publishing Limited