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Limited Liability: A Legal and Economic Analysis

Stephen M. Bainbridge, M. Todd Henderson




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 | #190690 in Books |  2016-09-30 | Original language:English |  9.50 x6.25 x.75l, | File type: PDF | 336 pages

|| |'This book does a wonderful job of bringing sharp and clear analysis to a breathtakingly complex and poorly understood area of law. In particular, the book is distinctive for its careful treatment of the inefficiencies generated by current confusion and app

The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest allows for more risks to be taken at a lower cost.

This comprehensive economic analysis of the policy debate surrounding the laws governing limi...

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