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| Author: | Baums, T. |
| Title: | Corporate contracting around defective regulations: the daimler-crysler case |
| Journal: | Journal of Institutional and Theoretical Economics
1999 : MAR, VOL. 155:1, p. 119-127 |
| Index terms: | INSTITUTIONAL ECONOMICS THEORIES REGULATIONS |
| Language: | eng |
| Abstract: | This paper describes the legal structure of the Daimler-Crysler merger. It asks why this specific structure rather than another cheaper way was chosen. This leads to the more general question of the pros and cons of mandatory corporate law as a regulatory device. The article advocates an "optional" approach: The legislator should offer various menus or sets of binding rules among which the parties may choose. |
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