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Beschreibung
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.
Über den Autor
Frank H. Easterbrook is a judge of the U.S. Court of Appeals for the Seventh Circuit.
Details
Erscheinungsjahr: 1996
Fachbereich: Betriebswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: Einband - flex.(Paperback)
ISBN-13: 9780674235397
ISBN-10: 0674235398
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Fischel, Daniel R.
Easterbrook, Frank H.
Orchester: Fischel, Daniel R.
Hersteller: Harvard University Press
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 231 x 154 x 22 mm
Von/Mit: Daniel R. Fischel (u. a.)
Erscheinungsdatum: 01.02.1996
Gewicht: 0,526 kg
Artikel-ID: 121212124

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