We explore the rationale behind and the mechanisms employed by French judges while discharging personal debts in exchange for liquidation of debtors' assets. Our empirical results highlight the determinants of judicial selection between debtors whose debts are wiped out and those who have to...

Parties engaged in a litigation generally enter the discovery process with different informations regarding their case and/or an unequal endowment in terms of skill and ability to predict the outcome at trial. This results in different legal costs to assess the plaintiff's win rate. The paper...

This paper provides an analysis of two damage rules (Lost Profit versus Unjust Enrichment) introduced in the French Code de la Propriété Intellectuelle in 2007 (Loi du 27 Octobre 2007, Art. L. 615-7). We use a simple sequential game where both the decisions to infringe and to enforce the...

[spa] Cuando una empresa en dificultad solicita la declaración de concurso, los juzgados mercantiles han de arbitrar entre el mantenimiento de la actividad y del empleo o el procedimiento de liquidación. Este arbitraje se encuentra previsto en la ley de tratamiento judicial de empresas en...