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Item Details
Title: THE ECONOMIC STRUCTURE OF CORPORATE LAW
By: Frank H. Easterbrook, Daniel R. Fischel
Format: Paperback

List price: £40.95
Our price: £36.86
Discount:
10% off
You save: £4.09
ISBN 10: 0674235398
ISBN 13: 9780674235397
Availability: Usually dispatched within 3-5 days.
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Stock: Currently 2 available
Publisher: HARVARD UNIVERSITY PRESS
Pub. date: 1 February, 1996
Pages: 384
Description: This text argues that the rules and practices of corporate law mimic contractual provisions that parties involved in corporate enterprise would reach if they always bargained at zero cost and flawlessly enforced their agreements. It states that corporate law provides the rule for this to happen.
Synopsis: 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.
Illustrations: 1 line illustration, 1 table
Publication: US
Imprint: Harvard University Press
Returns: Non-returnable
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