Cepec, Jaka; Kovač, Mitja - In: Danube : law and economics review 7 (2016) 2, pp. 79-103
identify insolvency-specific optimal incentive mechanisms, while using the general theory on carrots and sticks in legal …The pursuit of ex-ante efficiency in bankruptcy law has been widely discussed in recent law and economics literature … insolvency proceedings as an optimal regulatory response. Moreover, the article provides comparative evidence that exclusive use …