The Market for Corporate Law

This paper develops a model of the competition among states in providing corporate law rules. The analysis provides a full characterization of the equilibrium in this market. Competition among states is shown to produce optimal rules with respect to issues that do not have a substantial effect on本文构建了一个关于各州在提供公司法规则方面展开竞争的模型。本研究对该市场中的均衡状态完成了完整刻画。研究显示，针对那些不对[原文表述未完成]产生显著影响的议题，各州之间的竞争将催生最优的公司法规则。