Law Commons^™

Contract Renegotiation And Options In Agency Problems, Aaron S. Edlin, Benjamin E. Hermalin

Aaron Edlin

This article discusses the ability of an agent and a principal to achieve the first-best outcome when the agent invests in an asset that has greater value if owned by the principal than by the agent. When contracts can be renegotiated, a well-known danger is that the principal can hold up the agent, undermining the agent's investment incentives. We begin by identifying a countervailing effect: Investment by the agent can increase his value for the asset, thus improving his bargaining position in renegotiation. We show that option contracts will achieve the first best whenever his threat-point effect dominates the holdup …

Hacia Una Argentina Digital, Horacio M. Lynch, Mauricio Devoto

Horacio M. LYNCH

"... En opinión de muchos especialistas respetados en el mundo, la Argentina no tiene futuro si no exporta. Pero exportar en este nuevo siglo no es lo mismo que hacerlo hacia el 1900: los precios de los productos primarios argentinos cayeron ocho veces en el siglo, lo que nos bajó del quinto puesto en el ránking de países al lugar número 50...".

There's A Forest In Those Trees: Teaching About The Role Of Corporations In Society, Kent Greenfield

Kent Greenfield

This paper was prepared for the University of Georgia School of Law Conference on Teaching Corporate Law, October 16, 1999. The paper argues that the basic corporate law course should focus much more on the questions surrounding the role of the corporation in society. In the typical corporate law course, little attention is given to the broad question of the position of the corporation within society at large or the narrower question of the relationship between the corporation and workers. The lack of consideration of these issues is odd indeed, since corporate law (like all law) is understandable only within …

Three Effects Of Social Norms On Law: Expression, Deterrence, And Internalization, Robert D. Cooter

Robert Cooter

State organizations suffer from agency problems that preclude effective motivation of people by formal means alone. Social norms contribute to the effectiveness of state law. Aligning law with morality creates power synergies. I analysis three of them: expression (coordination by law and morality), justification (intrinsic motivation to do what is right) , and sanctions (material costs of wrongdoing).

Responsabilidade Global, Ivo T. Gico

Ivo Teixeira Gico Jr.

O presente artigo traz ao leitor, para além de questões meramente processuais, argumentos para justificar a responsabilização das empresas ditas globais por obrigações decorrentes de relação de consumo transnacionais.

This article brings to the reader, in addition to purely procedural issues, arguments to justify the accountability of the so-called global firms for obligations related to transnational relations of consumption.

O Fim Dos Intermediários?., Ivo T. Gico

Ivo Teixeira Gico Jr.

Neste artigo, o autor discute a perda gradativa da importância do intermediário comercial face o desenvolvimento do comércio eletrônico e seu novo papel na logística.

In this article, the author discusses the gradual loss of importance of the middlemen against the electronic commerce development and its new role in logistics.

O Conceito De Documento Eletrônico, Ivo T. Gico

Ivo Teixeira Gico Jr.

O presente artigo traz aos leitores uma proposta de conceito para o documento eletrônico, em contraste com o documento cartular ou físico, bem como o seu valor probante para o Direito.

Discute-se, portanto, o seu regime jurídico e de que forma podem dialogar a necessidade por celeridade nas transações e a segurança jurídica.

This article brings to readers a draft concept for the electronic document, in contrast to the physical document, and its probative value to the law. It is argued, therefore, its legal regime and how the transactions need for speed and legal certainty.

Consideraciones Sobre El Procedimiento De Cobro De Deudas Derivadas Del Uso De Tarjetas De Crédito, Martin Paolantonio

Martin Paolantonio

Análisis de la regulación de la ley 25.065 sobre tarjetas de crédito y las reglas sustantivas y procesales para el cobro de saldos deudores