December Editor’s Choice: “Dissecting Bankruptcy Frictions” Dec 20 Written By Toni Whited Dissection Bankruptcy Frictions This paper quantifies the effects of asymmetric information and creditor conflicts of interest on the bankruptcy efficiency. Absent these frictions, 14% more cases would resolve pre-court, and court cases would be 73% shorter. Toni Whited
December Editor’s Choice: “Dissecting Bankruptcy Frictions” Dec 20 Written By Toni Whited Dissection Bankruptcy Frictions This paper quantifies the effects of asymmetric information and creditor conflicts of interest on the bankruptcy efficiency. Absent these frictions, 14% more cases would resolve pre-court, and court cases would be 73% shorter. Toni Whited