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Corporate & Securities Law

: BusinessAssociationsBlog.com

Regulatory Competition in Corporate Law

By Stephen Bainbridge

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In a very important 1997 paper, The Political Economy of Competition for Corporate Charters, William Carney argued that: Costly rent extractions in corporate laws by interest groups, beyond those attainable through market transactions, raise costs for firms and lower returns for shareholders. Such gains for interest groups can survive only if local firms subject to such law are protected from...

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Full post as published by BusinessAssociationsBlog.com on February 26, 2008 (boomark / email).

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