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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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.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Etat : New. 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. . 1996. Paperback. . . . . N° de réf. du vendeur V9780674235397
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