Bar-Gill, Oren; Barzuza, Michal; Bebchuk, Lucian - In: Journal of Institutional and Theoretical Economics (JITE) 162 (2006) 1, pp. 134-160
This paper develops a model of the competition among states in providing corporate law rules. Such competition is shown to produce optimal rules with respect to issues that do not have a substantial effect on management's private benefits but not with respect to issues that have such an effect....
