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An Economic Analysis of Bankruptcy Statutes, Economic Inquiry
Abstract
Personal bankruptcy statutes are analyzed as social insurance agreements. The risk-sharing and incentive effects resulting from changes in bankruptcy laws are studied. It is shown that increasing the leniency of bankruptcy statutes may have unambiguous short-term benefits to potential bankrupts, but may be detrimental in the long-run.
Type
Article
Author(s)
Date Published
1986
Citations
. 1986. An Economic Analysis of Bankruptcy Statutes. Economic Inquiry.(3): 417-428.
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