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For the past several decades, Congress has steadily expanded the exclusion of securities market operations from core bankruptcy protections. This Article focuses on three of the most important of these issues: the exclusion of brokerage firms from Chapter 11; the protection of settlement payments...
Persistent link: https://www.econbiz.de/10013151622
contributes to this scarce literature by shedding light on the possible interaction of bankruptcy auctions with Auction Theory. To … demonstrate its potential contribution, we employ Auction Theory to analyze current auction practices, including the question of …). The application of Auction Theory to the bankruptcy context educes three important contributions. First, we suggest a …
Persistent link: https://www.econbiz.de/10014157553
The paper investigates strategic campaigning in a model of redistributive politics in a society with many groups and two parties. Campaigns are informative, and parties can target campaigns to different groups. Voters are uncertain about whether parties fabor special groups. The parties will...
Persistent link: https://www.econbiz.de/10011514172
In case of multiple source lending even solvent firms may be forced into bankruptcy due to uncoordinated credit withdrawals of their lenders. This paper analyzes whether a debtor firm can thwart such inefficient liquidations by offering creditors the option to delay their foreclosure decision...
Persistent link: https://www.econbiz.de/10003636509
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Support for redistribution may also be affected by altruistic and egalitarian preferences, but knowledge about the … redistribution in a broad sample of the Swiss population. Based on a recently developed non-parametric clustering procedure, we …
Persistent link: https://www.econbiz.de/10012842932
resulting inequality is perceived differently and how this affects redistribution. Across treatments, we compare a spectator …'s redistribution of two workers' earnings. If workers do not compete in a zero-sum setting, average redistribution decreases. In a … of redistribution and are more likely to be Democrats. …
Persistent link: https://www.econbiz.de/10013175708
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10014083850
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10013306855
Persistent link: https://www.econbiz.de/10000892104
Persistent link: https://www.econbiz.de/10000841789