The object of this chapter is to explain the decline of the law of contract in matter of bankruptcy. The historical evolution of the law of bankruptcy shows that this decline is gone by three phases : the phase of the natural law based on the nature to solve the conflict ; the phase of the...

In this article, we develop the various theories which explain the determinants of the bankruptcy of the entrepreneur and the justifications of law to allocate this risk. We distinguish the theories from impulsive behavior or irrationality, the bad luck and the capacity to evaluate the risk of...

Contrary to the Islamic laws considered as social standard governing the behavior of the Muslims, the facts relative to most of the Muslim countries show that the detention of a conventional bank account considered as illicit because it is generative of the rate of interest and savings is more...

We presented a theory that attempts to explain the stylized fact of the persistence of child labor in developing countries. Our model shows the importance of the role of institutions in explaining the level of education of these countries. These institutions can be formal as the quality of...

The object of this article is to explain the paradox of the emergence of the dictatorial regime in the poor countries in spite of its negative effects on the economic development within the framework of the theory of the risky choices. The explanation moved forward in this article for the choice...

This article analyzes the economic effeciency of legal rules of bankruptcy. It aims to answer the following question : do the legal rules of bankruptcy allow an efficient solution to the problem of sauve-qui-peut or opportunistic behavior inherent in bankruptcy firm ? I adopt a model of games...

In this article, we wish to understand if, in a family company potentially torn by the conflict of the succession, ethical crucial concern as the aversion in the disparity between heirs allow to reduce in a significant way the temptation of the successors to defend their interests by provoking...