Mercantilist Origins of the Corporation

Robert B. Ekelund () and Robert Tollison ()

Bell Journal of Economics, 1980, vol. 11, issue 2, pages 715-720

Abstract: In this paper we present a new hypothesis about why the corporation was invented. The traditional argument stresses the importance of limited liability in the emergence of the corporate form. In contrast we stress the advantages that transferable shares hold for cartel owner-management in the early companies.

Date: 1980
View citations in EconPapers

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819802 ... O%3B2-C&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:rje:bellje:v:11:y:1980:i:autumn:p:715-720

Ordering information: This journal article can be ordered from
http://gemini.econ.umd.edu/cgi-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Series data maintained by ().