COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 854

"A Note on an Optimal Garnishing Rule"

Martin Shubik and Pradeep Dubey

November 1987

A simple optimal garnishing rule to discourage strategic bankruptcy is derived.

JEL Classification: 021, 026, 611

Keywords: Garnishing, bankruptcy