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The Economic Structure of Corporate Law

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The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.

Acquisto del libro

The Economic Structure of Corporate Law, Daniel R. Fischel, Frank H. Easterbrook

Lingua
Pubblicato
1996
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(In brossura),
Condizioni del libro
Danneggiato
Prezzo
13,71 €

Metodi di pagamento

Titolo
The Economic Structure of Corporate Law
Lingua
Inglese
Pubblicato
1996
Formato
In brossura
Pagine
382
ISBN10
0674235398
ISBN13
9780674235397
Serie
Descrizione
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.