Financial Benefits, Travel Costs, and Bankruptcy

Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs

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Bankruptcy and Transaction Costs in General Financial Models

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a representative agent and without financial frictions yield equilibrium outcomes that are inconsistent...

Clinical Governance: Costs and Benefits

A Study of the Costs and Benefits of Textualism: The Supreme Court's Bankruptcy Cases

The Costs and Benefits of Secured Creditor Control in Bankruptcy: Evidence from the Uk

Recent theoretical literature has debated the desirability of permitting debtors to contract with lenders over control rights in bankruptcy. Proponents point to the monitoring benefits brought from concentrating control rights in the hands of a single lender. Detractors point to the costs imposed on other creditors by a senior claimant’s inadequate incentives to maximise net recoveries. The UK ...