The economic structure of corporate law / Frank H. Easterbrook, Daniel R. Fischel.

Format:

Book

Author/Creator:

Easterbrook, Frank H., 1948-

Contributor:

Fischel, Daniel R.

Language:

English

Subjects (All):

Corporation law--Economic aspects--United States.

Corporation law.

Managerial economics--United States.

Managerial economics.

Corporation law--Economic aspects.

United States.

Physical Description:

viii, 370 pages ; 24 cm

Edition:

First Harvard University Press paperback edition.

Place of Publication:

Cambridge, Mass. : Harvard University Press, 1996.

Summary:

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.

Notes:

Includes bibliographical references and index.

ISBN:

0674235398

9780674235397

OCLC:

35745728