3 ms·
Your explanation and the quote you are explaining mean the same thing.
by Godel_unicode 8y ago
Your explanation and the quote you are explaining mean the same thing.
- adrianratnapala 8y agoNo it they don't, because they make different predictions about incentives. Allowing the business to operate in bankruptcy cam, under certain conditions, give managers to incentives to drive the business into bankruptcy. For better or for worse, that makes the incentives different from alternative systems.