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Titolo:
Price discrimination in the market for corporate law
Autore:
Kahan, M; Kamar, E;
Indirizzi:
NYU, Sch Law, New York, NY 10003 USA NYU New York NY USA 10003NYU, Sch Law, New York, NY 10003 USA Univ So Calif, Sch Law, Los Angeles, CA 90089 USA Univ So Calif Los Angeles CA USA 90089 Sch Law, Los Angeles, CA 90089 USA
Titolo Testata:
CORNELL LAW REVIEW
fascicolo: 6, volume: 86, anno: 2001,
pagine: 1205 - 1256
SICI:
0010-8847(200109)86:6<1205:PDITMF>2.0.ZU;2-U
Fonte:
ISI
Lingua:
ENG
Soggetto:
ECONOMIC-ANALYSIS; DELAWARE COURT; COMPETITION; FEDERALISM; CHANCERY; REFLECTIONS; LITIGATION; SETTLEMENT; STANDARDS; STATUTES;
Tipo documento:
Review
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
--discip_BC--
Citazioni:
168
Recensione:
Indirizzi per estratti:
Indirizzo: Kahan, M NYU, Sch Law, New York, NY 10003 USA NYU New York NY USA 10003NYU, Sch Law, New York, NY 10003 USA
Citazione:
M. Kahan e E. Kamar, "Price discrimination in the market for corporate law", CORNELL L R, 86(6), 2001, pp. 1205-1256

Abstract

This Article analyzes how Delaware uses its market power in the market forincorporations to increase its profits through price discrimination. Pricediscrimination entails charging different prices to different consumers according to their willingness to pay. Two features of Delaware law constitute price discrimination. First, Delaware's uniquely structured franchise-taxschedule assesses a higher tax to public than to nonpublic firms. Second, Delaware's litigation-intensive corporate law effectively price discriminates among firms according to the level of their involvement in corporate disputes. From the Perspective of social welfare, tax discrimination is likelyto enhance efficiency. By contrast, price discrimination through litigation-intensive corporate law is likely to reduce efficiency.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 18/01/20 alle ore 07:52:47