A01=Daniel R. Fischel
A01=Frank H. Easterbrook
Author_Daniel R. Fischel
Author_Frank H. Easterbrook
Category=KFFH
Category=LNCB
Category=LNCD
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Product details
- ISBN 9780674235397
- Weight: 553g
- Dimensions: 156 x 235mm
- Publication Date: 01 Feb 1996
- Publisher: Harvard University Press
- Publication City/Country: US
- Product Form: Paperback
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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.
Frank H. Easterbrook is a judge of the U.S. Court of Appeals for the Seventh Circuit. Daniel R. Fischel is Lee and Brena Freeman Professor of Law at the University of Chicago.
