over-allocated. Demand for water exceeds the available supply. Essentially, the water economy is bankrupt. Bankruptcy … of the paper is that the connection between the bankruptcy literature, which has recently also realized the importance of …

thereafter. This, and similar results using the likelihood of reentering bankruptcy, suggest that there may be an optimal time in … results have implications for the reform and design of bankruptcy systems. …

In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we … highlight some welfare effects of bankruptcy. …

regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be … insurers as well as the probability of bankruptcy, the non-selection probability. …

This paper demonstrates the important role of job displacement in the household bankruptcy decision. I develop a … dynamic, forward-looking model of unemployment and bankruptcy where persistent negative income shocks increase a household …'s likelihood of filing for bankruptcy both immediately and in the future. Consistent with the model's predictions, I find that …

Are consumers who have filed for personal bankruptcy before excluded from the unsecured credit market? Using a unique … default risk--those with a bankruptcy history. On average, over one-fifth of personal bankruptcy filers receive at least one … offer in a given month, with the likelihood being even higher for those who filed for bankruptcy within the previous two …

This paper aims to identify the financial ratios that are most significant in bankruptcy prediction for the non … examined for a five-year period prior bankruptcy. The discriminant analysis produced a parsimonious model of three variables …