consequences of bankruptcy judgment

Bankruptcy, medical insurance, and a law with unintended consequences.

Congress passed the Emergency Medical Treatment and Active Labor Act (EMTALA) in 1986, guaranteeing a standard of medical care to anyone who entered an emergency room. This guarantee made default a more reliable substitute for medical insurance. I construct a tractable structural model of the medical insurance market and find that repealing EMTALA would increase the fraction of the population w...

Comparison processes in social judgment: mechanisms and consequences.

This article proposes an informational perspective on comparison consequences in social judgment. It is argued that to understand the variable consequences of comparison, one has to examine what target knowledge is activated during the comparison process. These informational underpinnings are conceptualized in a selective accessibility model that distinguishes 2 fundamental comparison processes...

Chain of Firms Bankruptcy

A link in production network is usually a creditordebtor relationship. If a firm goes into financial insolvency state or bankruptcy, then firms on its upstream can have secondary effect from the bankruptcy. By using the recent 10 years data of bankruptcy in japan, we show that these causes of “link effect” are by no means negligible. Indeed, nearly 20% of total debt (a few percent of GDP) is du...

Bankruptcy Judges and Bankruptcy Venue: Some Thoughts on Delaware

Kant on the Rationality of Moral Judgment

Some Functional Aspects of Bankruptcy