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文章基本信息

  • 标题:Path Dependence in Corporate Contracting: Increasing Returns, Herd Behavior and Cognitive Biases
  • 本地全文:下载
  • 作者:Kahan, Marcel ; Klausner, Michael
  • 期刊名称:Washington University Law Review
  • 印刷版ISSN:2166-7993
  • 电子版ISSN:2166-8000
  • 出版年度:1996
  • 卷号:74
  • 期号:2
  • 页码:347-366
  • 出版社:Washington University School of Law
  • 摘要:Part I of this Article reviews our prior analysis of increasing returns in corporate contract terms. Within the rubric of increasing returns, we discuss learning and network externalities in corporate contracts. Parts II and III examine how agency costs and behavioral biases can lead to standardization.
  • 关键词:Corporations; Covenants
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