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Défaut de paiement,Achat de consentement et efficience économique

Tarbalouti, Mr (2010): Défaut de paiement,Achat de consentement et efficience économique.

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The theoretical literature on the modes of the default and its implications on the rate of the default distinguishes two rules: the rule of the discharge allowing to exempt the debtor in case of failure and the rule of obligation of repayment of the debts by the debtor. Several theoretical arguments are divided as for the efficiency of these rules. This article shows that the purchase of consent, understood here as mode of resolution of the default, can reduce the rate of the default. We present then the consequences on of maximization of the value of the company.

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