This article develops an empirical model of firms’ choice of corporate laws under inertia. Delaware dominates the incorporation market, though recently Nevada, a state whose laws are highly protective of managers, has acquired a sizable market share. Using a database of firm incorporation...

It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...

This article summarizes Ohio corporate statutory developments from 1997-2006 that highlight Ohio's legislative initiatives to keep up with Delaware, America's dominant state of incorporation. The article discusses the process by which corporate legislation is created in Ohio, and the balancing...