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Vol 21 No 11 Nov/Dec 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

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The Economic Structure of Corporate Law


ISBN13: 9780674235397
ISBN: 0674235398
Published: April 1996
Publisher: Harvard University Press
Country of Publication: USA
Format: Paperback
Price: £29.95



Despatched in 2 to 4 days.

The authors argue that the rules and practices of corporate law mimic contractual provisions that parties involved in corporate enterprise 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.