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Insolvency Resolution and the Missing High Yield Bond Markets
Becker, Bo - 2013
-country and using insolvency reforms as natural experiments. Our empirical estimates suggest that a one …
Persistent link: https://www.econbiz.de/10013076562
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When is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads
Bai, Jennie - 2014
When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason for why international investment in private companies has to take into account the sovereign risk. But the likelihood of a transfer from the sovereign risk to corporate...
Persistent link: https://www.econbiz.de/10013054883
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The Agglomeration of Bankruptcy
Benmelech, Efraim - 2014
. The bankruptcy and liquidation of a retail chain weakens the economies of agglomeration in any given local area, reducing …
Persistent link: https://www.econbiz.de/10013051758
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Bargaining Over Babies : Theory, Evidence, and Policy Implications
Doepke, Matthias - 2016
It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one. In...
Persistent link: https://www.econbiz.de/10012996885
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Why Some Firms Export
Bernard, Andrew B.; Jensen, J. Bradford - 2022
This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of U …
Persistent link: https://www.econbiz.de/10013323455
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An Empirical Assessment of Alternative Models of Risky Decision Making
Baker, Joanna R. - 2010
In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … enough to approximate Kahnenman and Tversky's prospect theory and that for certain parametric values will yield the expected … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the …
Persistent link: https://www.econbiz.de/10013135363
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Deposit Insurance and Orderly Liquidation Without Commitment : Can We Sleep Well?
Cooper, Russell W. - 2013
This paper assess the affects of the orderly liquidation of a failing bank and the ex post provision of deposit …, these interventions, both individually and jointly, are chosen and undertaken ex post. The costs of liquidation and … liquidation policy will deter runs. Deposit insurance will not be provided ex post if it requires a (socially) undesirable …
Persistent link: https://www.econbiz.de/10013080374
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Firm Sorting and Agglomeration
Gaubert, Cecile - 2018
designed to attract firms to particular regions (place-based policies). I first propose a theory of the distribution of …
Persistent link: https://www.econbiz.de/10012922225
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Quantifying the Sources of Firm Heterogeneity
Hottman, Colin - 2015
We develop and structurally estimate a model of heterogeneous multiproduct firms that can be used to decompose the firm-size distribution into the contributions of costs, “appeal” (quality or taste), markups, and product scope. Using Nielsen bar-code data on prices and sales, we find that...
Persistent link: https://www.econbiz.de/10013032697
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Corporate and Personal Bankruptcy Law
White, Michelle J. - 2011
Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial distress are resolved. Bankruptcy law always includes three components. First, it provides a collective framework for simultaneously resolving all debts of the bankrupt entity,...
Persistent link: https://www.econbiz.de/10013122219