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.


Format Häftad Omfång 384 sidor Språk Engelska Förlag Harvard University Press Utgivningsdatum 1996-02-01 ISBN 9780674235397