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Das geistige Eigentum stellt einen wichtigen Vermögensbestandteil von Unternehmen dar. Diese können sich beim Insolvenzeintritt in verschiedenen Verfahrensstadien befinden. Die Arbeit geht der Frage nach, wie sich eine Insolvenz auf Rechte geistigen Eigentums im Schutzerlangungs-,...
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Loan guarantees are arguably the most widely used policy intervention in credit markets, especially for consumers. This may be natural, as they have several features that, a priori, suggest that they might be particularly effective in improving allocations. However, despite this, little is...
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In this paper, we develop a normative theory of unsecured consumer credit and personal bankruptcy based on the optimal … unsecured debts in bankruptcy. The structure of this equilibrium and the associated restrictions on debt discharge closely match … the main qualitative features of personal credit markets and bankruptcy law that actually exist in the United States. …
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