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Economic Structure of Corporate Law

Name: Economic Structure of Corporate Law
Brand: Harvard University Press
SKU: 04635866
Price: 60.79 EUR
Availability: InStock

Frank H. Easterbrook

Daniel R. Fischel

Language

English

Book Paperback

Libristo code: 04635866

Publishers Harvard University Press, February 1996

The authors argue that the rules and practices of corporate law mimic contractual provisions that pa... Full description

Libristo code: 04635866

144 b

60.79 € včetně DPH

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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.