Economics of Bankruptcy

Economic Approaches to Law series

Edited by Edward R. Morrison, Charles Evans Gerber Professor of Law, Columbia Law School, US

This timely book surveys seminal contributions to the economics of bankruptcy. It offers a comprehensive compilation of work by both legal scholars and economists working in the fields of corporate and consumer finance. An original introduction, written by the editor, provides a commentary on the featured papers and also points to questions that merit further study. This collection is an indispensable source of reference for anyone interested in the economics of bankruptcy.

'These volumes would be instrumental for instruction at the graduate level, where selections could be chosen for either MBA or law programs. Moreover, I would highly recommend this volume for the libraries of professional economists who provide litigation consulting services related to bankruptcy. The Economics of Bankruptcy provides a strong foundational understanding of why bankruptcy laws were initially enacted. The compilation incorporates both theoretical arguments and empirical analysis. Just as importantly, it explores the various ways bankruptcy laws evolved.'
——艾琳·克罗克特,Eastern Economic Journal

‘This collection brings together a wide range of seminal contributions to the economic literature on bankruptcy. Its value-added is the structure which the editor has imposed, which organises them in a clear and coherent way. Alongside the excellent introduction, this yields a comprehensive roadmap of the field. It will be a valuable resource for a wide range of researchers, from those wanting a thorough grounding in the literature to those simply wanting a pellucid sketch of its contours.’
– John Armour, University of Oxford, UK