Showing 1 - 10 of 12
Major European countries have recently adopted bankruptcy codes that strengthen entrepreneurs' power to renegotiate outstanding liabilities. Renegotiation in bankruptcy allows lenders to increase recovery rates, however it also weakens the contract's ability to solve the repeated moral hazard...
Persistent link: https://www.econbiz.de/10012713841
By means of a simple model with consumers' search, the paper analyzes a monopolistic general search engine incentives to bias organic and sponsored search results in order to favor an integrated website. In the model, manipulation takes place whenever the general search engine places prominently...
Persistent link: https://www.econbiz.de/10010943039
Many theories study how firms'cost of funding depends on reorganization and liquidation in bankruptcy. However empirical evidence on this subject is scarce due to the difficulty in interpreting reforms that change different legal instruments at the same time. We take advantage of the timing of...
Persistent link: https://www.econbiz.de/10010925669
Exploiting the timing of the 2005-2006 Italian bankruptcy law reforms, we disentangle the effects of reorganization and liquidation in bankruptcy on bank financing nd firm investment. A 2005 reform introduces reorganization procedures facilitating loan renegotiation. The 2006 reform subsequently...
Persistent link: https://www.econbiz.de/10011268104
In a model of industry standard setting with private information about firms' intellectual property, we analyze (a) firms' incentives to contribute to the development and improvement of a standard, and (b) firms' decision to disclose the existence of relevant intellectual property to other...
Persistent link: https://www.econbiz.de/10011227944
Persistent link: https://www.econbiz.de/10011234915
Major European countries have recently adopted bankruptcy codes that strengthen entrepreneurs’ power to renegotiate outstanding liabilities. Renegotiation in bankruptcy allows lenders to increase recovery rates, however it also weakens the contract’s ability to solve the moral hazard problem...
Persistent link: https://www.econbiz.de/10010666278
Persistent link: https://www.econbiz.de/10009977244
Persistent link: https://www.econbiz.de/10010112280
Bringing scholars and policymakers to the frontiers of research and addressing the critical issues of the day, the book presents original important new theoretical and empirical results. The distinguished contributors include: P. Agrel, K. Alexander, J. Crémer, X. Dassiou, G. Deltas, F. Etro,...
Persistent link: https://www.econbiz.de/10011181112