Robert Κ. Merton
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No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions Open
This paper analyzes the costs and benefits of a no-fault-default debt structure as an alternative to the typical bankruptcy process.We show that the deadweight costs of bankruptcy can be avoided or substantially reduced through no-fault-de…
THE SOCIOLOGY OF SCIENCE:: Theoretical and Empirical Investigations Open
The exploration of the social conditions that facilitate or retard the search for scientific knowledge has been the major theme of Robert K. work for forty years. This collection of papers [is] a fascinating overview of this sustained inqu…