THE ECONOMIC STRUCTURE OF CORPORATE LAW

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Society, Politics & Philosophy - Government & Politics
THE ECONOMIC STRUCTURE OF CORPORATE LAW

THE ECONOMIC STRUCTURE OF CORPORATE LAW

Name: THE ECONOMIC STRUCTURE OF CORPORATE LAW
ISBN: 9780674235397

Frank H. Easterbrook, Daniel R. Fischel

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The authors argue that the rules and practices of corporate law mimic contractual provisions that parties involved in corporate enterprise 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.

Categorie:

Society, Politics & Philosophy - Government & Politics

Anno:

1998

Casa editrice:

Harvard University Press

Lingua:

english

ISBN 10:

0674235398

ISBN 13:

9780674235397