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essays in public finance and industrial organization a dissertation ...

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CHAPTER 1. BANKRUPTCY 49<br />

Coefficient on ln(seizable assets)<br />

9<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

0<br />

Figure 1.9: Effect on Coverage on Samples Exclud<strong>in</strong>g Each State<br />

AK ALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY<br />

Excluded state<br />

Notes: Figure shows the coefficients <strong>and</strong> 95 percent confidence <strong>in</strong>tervals from the basel<strong>in</strong>e<br />

2SLS specification exclud<strong>in</strong>g the <strong>in</strong>dicated state. The specification is the same as column<br />

6 of Table 1.3. The 95 percent confidence <strong>in</strong>tervals are constructed us<strong>in</strong>g robust st<strong>and</strong>ard<br />

errors clustered at the state level. See the Table 1.3 note for more details.

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