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The Economic Structure of Corporate Law
Frank H. Easterbrook
€ 52.99
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Description for The Economic Structure of Corporate Law
Paperback. 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. Num Pages: 384 pages, 1 line illustration, 1 table. BIC Classification: 1KBB; KFFH; LNCB; LNCD. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 22. Weight in Grams: 553.
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 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.
Product Details
Publisher
Harvard University Press United States
Number of pages
384
Format
Paperback
Publication date
1996
Condition
New
Weight
553g
Number of Pages
384
Place of Publication
Cambridge, Mass, United States
ISBN
9780674235397
SKU
V9780674235397
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-2
About Frank H. Easterbrook
Frank H. Easterbrook is a judge of the U.S. Court of Appeals for the Seventh Circuit. Daniel R. Fischel is Lee and Brena Freeman Professor of Law at the University of Chicago.
Reviews for The Economic Structure of Corporate Law
Truly first-rate...Arguably the most important
and most readable
corporate law book ever. A classic...Certain to change the way corporate law is taught, understood, and possibly even made.
Robert M. Daines and Jon Hanson Yale Law Journal An important and provocative contribution to the law and economics literature...Scholars in the field should hold a place for it on their shelves.
Christopher ... Read more
and most readable
corporate law book ever. A classic...Certain to change the way corporate law is taught, understood, and possibly even made.
Robert M. Daines and Jon Hanson Yale Law Journal An important and provocative contribution to the law and economics literature...Scholars in the field should hold a place for it on their shelves.
Christopher ... Read more