![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2020/05/meier-e1691439528695.jpg?w=150)
![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2020/05/servaes-e1590434222702.jpg?w=144)
Welfare Losses Associated with Fire Sales Are Smaller than Previously Documented
When companies in financial difficulty are forced to sell assets – especially real assets such as factories, business units, real estate, or the entire company – the news is often seen as negative all around. In these situations, often referred …