The Economic Structure of Corporate Law (Paperback)

Language: English

Published by Harvard University Press, Cambridge, Mass, 1996

0674235398 / 9780674235397

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Paperback. 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. The authors argue that corporate laws rules and practices 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 necessary rules and an invaluable enforcement mechanism. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

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Title
The Economic Structure of Corporate Law (Paperback)
Author
Frank H. Easterbrook
Publisher
Harvard University Press, Cambridge, Mass
Publication year
1996
Condition
new
Binding
Paperback
Language
English
ISBN 10
0674235398
ISBN 13
9780674235397

Grand Eagle Retail

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