leverage, Nobel Memorial Prize lecture (1990) / Merton H. Miller - - Agency costs of free cash flow, corporate finance, and takeovers / Michael C. Jensen -- A theory of loan priorities / Alan Schwartz -- A world without bankruptcy / Douglas G. Baird -- Bankruptcy, nonbankruptcy entitlements, and the creditors' bargain / Thomas H. Jackson -- Translating assets and liabilities to the bankruptcy forum / Thomas H. Jackson -- Bankruptcy policy / Elizabeth Warren -- Loss distribution, forum shopping, and bankruptcy: a reply to Warren / Douglas G. Baird -- bargaining after the fall and the contours of the absolute priority rule / Douglas G. Baird and Thomas H. Jackson -- On the nature of bankruptcy: an essay on bankruptcy sharing and the creditors' bargain / Thomas H. Jackson and Robert E. Scott -- A simple noncooperative bargaining model of corporate reorganizations / Douglas G. Baird and Randal C. Picker.

Commentary on "on the nature of bankruptcy": bankruptcy, priority, and economics / Mark J. Roe -- Bankruptcy and risk allocation / Barry E. Adler -- The corporate bankruptcy decision / Michelle J. White -- Bargaining over equity's share in the bankruptcy reorganization of large, publicly held companies / Lynn M. Lopucki and William C. Whitford -- Bankruptcy resolution: direct costs and violation of priority of claims / Lawrence A. Weiss -- The costs of conflict resolution and financial distress: evidence from the Texaco-Pennzoil litigation / David M. Cutler and Lawrence H. Summers -- Survey of evidence on business bankruptcy / Michelle J. White -- Managing default: some evidence on how firms choose between workouts and chapter 11 / Stuart C. Gilson -- The economics of pre-packaged bankruptcy / John McConnell and Henri Servaes -- Corporate control and the politics of finance / Michael C. Jensen.

The uneasy case for corporate reorganizations / Douglas G. Baird - - Bankruptcy and debt: a new model for corporate reorganization / Mark J. Roe -- A new approach to corporate reorganizations / Lucian Arye Bebchuk -- Debtor's choice: a menu approach to corporate bankruptcy / Robert K. Rasmussen -- Is corporate bankruptcy efficient? / Frank H. Easterbrook -- The voting prohibition in bond workouts / Mark J. Roe -- Financial and political theories of American corporate bankruptcy / Barry E. Adler -- Lessons from a comparison of U.S. and U.K. insolvency codes / Julian R. Franks and Walter N. Torous -- The costs of corporate bankruptcy: A U.S.- European comparison / Michelle J. White -- Should we abolish Chapter 11? The evidence from Japan / Theodore Eisenberg and Shoichi Tagashira -- The role of banks in reducing the costs of financial distress in Japan / Takeo Hoshi, Anil Kashyap and David Sharfstein.