Economic structure of corporate law, the
Auteur :
Easterbrook, Frank H. / Fischel, Daniel R.
Éditeur :
Harvard University Press
ISBN :
9780674235397
Date de publication :
1 févr. 1996
Dimensions :
23,5 x 15,6 cm
Poids :
553 g
Langue :
Anglais
Pays d'origine :
USA
The authors argue that corporate law’s rules and practices 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 necessary rules and an invaluable enforcement mechanism.