2005-09-11 papers

on Law and Economics

Issue of 2005‒09‒11
two papers chosen by
Jeong-Joon Lee, Towson University

Economic Analysis of Corporate and Personal Bankruptcy and Law By Michelle J. White
LINKING DECISIONS WITH MOMENTS By Reyes Calderon Cuadrado

Economic Analysis of Corporate and Personal Bankruptcy and Law

By:	Michelle J. White
Abstract:	This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of the survey is to draw out parallels between them. Both theoretical and empirical research are discussed.
JEL:	K2 G3
Date:	2005–08
URL:	http://d.repec.org/n?u=RePEc:nbr:nberwo:11536&r=law

LINKING DECISIONS WITH MOMENTS

By:	Reyes Calderon Cuadrado (Corruption: A Corporate Perspective)
Abstract:	This paper offers a framework within which the corporate’ corruption may be analyzed and a comprehensive road map to understand the role played by corporation on corruption. Despite corruption is a field with a long tradition and a common topic of many researches, disagreements persist about definitions, causes, consequences and policies. Divergences are specially wide in relations with the role played by corporations. This article realizes a literature review about relationship between corporation and corruption, showing causes of discrepancies and it explains and justifies the differences adding to classical explicative elements —legality and efficiency—, the alignment and the principal-agent problem.
JEL:	M21 K42
Date:	2005–05
URL:	http://d.repec.org/n?u=RePEc:una:unccee:wp1105&r=law

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