Skip to main content

Absolute Priority

  • Living reference work entry
  • First Online:
Book cover Encyclopedia of Law and Economics
  • 360 Accesses

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Institutional subscriptions

References

  • Baird DG (1991) The initiation problem in bankruptcy. Int Rev Law Econ 11:223–232

    Article  Google Scholar 

  • Baird DG, Bernstein DS (2006) Absolute priority, valuation uncertainty, and the reorganization bargain. Yale Law J 115:1930–1970

    Article  Google Scholar 

  • Bebchuk LA (1988) A new approach to corporate reorganizations. Harv Law Rev 101:775–804

    Article  Google Scholar 

  • Bebchuk LA (2002) Ex ante costs of violating absolute priority in bankruptcy. J Financ 57:445–460

    Article  Google Scholar 

  • Campbell D (ed) (1992) International corporate insolvency law. Butterworths Law, London

    Google Scholar 

  • Claessens S, Klapper LF (2005) Bankruptcy around the world: explanations of its relative use. Am Law Econ Rev 7:253–283

    Article  Google Scholar 

  • Dilger A (2006) Forced to make mistakes: reasons for complaining about Bebchuk’s scheme and other market-oriented insolvency procedures. Eur J Law Econ 21:79–94

    Article  Google Scholar 

  • Gale D, Gottardi P (2011) Bankruptcy, finance constraints, and the value of the firm. Am Econ J Microecon 3:1–37

    Article  Google Scholar 

  • Longhofer SD (1997) Absolute priority rule violations, credit rationing, and efficiency. J Financ Intermed 6:249–267

    Article  Google Scholar 

  • Warren E (1991) A theory of absolute priority. N Y Univers Ann Surv Am Law 9:9–48

    Google Scholar 

  • Weiss LA (1990) Bankruptcy resolution: direct costs and violation of priority of claims. J Financ Econ 27:285–314

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Alexander Dilger .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer Science+Business Media New York

About this entry

Cite this entry

Dilger, A. (2014). Absolute Priority. In: Backhaus, J. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_76-1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_76-1

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, New York, NY

  • Online ISBN: 978-1-4614-7883-6

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

Publish with us

Policies and ethics