Corporate Law

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The Economic Structure of Corporate Law

The Economic Structure of Corporate Law
Author :
Publisher : Harvard University Press
Total Pages : 386
Release :
ISBN-10 : 9780674253834
ISBN-13 : 0674253833
Rating : 4/5 (833 Downloads)

Book Synopsis The Economic Structure of Corporate Law by : Frank H. Easterbrook

Download or read book The Economic Structure of Corporate Law written by Frank H. Easterbrook and published by Harvard University Press. This book was released on 1996-02-01 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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The Economic Structure of Corporate Law
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Type: BOOK - Published: 1996-02-01 - Publisher: Harvard University Press

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The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency
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When used in conjunction with corporations, the term public is misleading. Anyone can purchase shares of stock, but public corporations themselves are uninhibit
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Many students find their Corporation Law class difficult because they do not understand the transactions giving rise to those cases. As with its predecessors, t