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Academic
: Legal Theory BlogMorrison on the Economics of Bankruptcy
By Lawrence Solum
- 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.
Full post as published by Legal Theory Blog on January 05, 2010 (boomark / email).
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