Bookbot

The Economic Structure of Corporate Law

En savoir plus sur le livre

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.

Achat du livre

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

Langue
Année de publication
1996
product-detail.submit-box.info.binding
(souple),
État du livre
Abîmé
Prix
30,63 €

Modes de paiement

Personne n'a encore évalué .Évaluer

Langue
Anglais
Publié
1996
Format
souple
Pages
382
ISBN10
0674235398
ISBN13
9780674235397
Séries
Description
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.