Cover: The Economic Structure of Corporate Law, from Harvard University PressCover: The Economic Structure of Corporate Law in PAPERBACK

The Economic Structure of Corporate Law

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Product Details

PAPERBACK

$42.50 • £30.95 • €38.50

ISBN 9780674235397

Publication: February 1996

Short

384 pages

6-1/8 x 9-1/4 inches

1 line illustration, 1 table

World

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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 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.