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Keyword: Chapter 11

Blocked Exit (3/7/2002)

Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.

Keywords: bankruptcy, capacity reduction, Chapter 11, consolidation, exit, glut, import tariffs, market exit, overcapacity, steel industry, steel summit

Risk Shifting (6/22/2006)

Defined-contribution pension plans increase labor mobility and facilitate the revival of old businesses in the face of massive industrial restructuring and longer life expectancy.

Keywords: bankruptcy, Chapter 11, defined benefit, defined contribution, IBM, insurance, investment returns, legacy cost, pension plan, PGBC, portability, retirement, risk, risk shifting