The Economic Structure of Corporate Law - Easterbrook, Frank H.; Fischel, Daniel R.
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The authors argue that corporate lawâ 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.

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Produktbeschreibung
The authors argue that corporate lawâ 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.
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Autorenporträt
Frank H. Easterbrook is a judge of the U.S. Court of Appeals for the Seventh Circuit.