This seminar will be led by Annika Wolf (Max Weber Fellow)
This sesion will provide an overview of the general purpose of insolvency law in a market economy. It will briefly discuss the various insolvency theories before considering the interests concerned in insolvencies and the goal of an efficient insolvency law for a credit society.
Rasmussen, Robert L., Behavioral Economics, the Economic Analysis of Bankruptcy Law and the Pricing of Credit, 51 Vanderbilt Law Review (1998) 1679–1703
Jackson, Thomas H./Scott, Robert E., On the Nature of Bankruptcy: An Essay on Bankruptcy Sharing and the Creditors’ Bargain, 75 Virginia Law Review (1989) 155–204