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Encyclopedia of Law & Economics – 5620 Limited Liability

  • Adams, Michael (1991), ‘Eigentum, Kontrolle und beschrŠnkte Haftung (Property, Control and Limited Liability)’, in Ott, Claus and SchŠfer, Hans-Bernd (eds.), …konomische Probleme des Zivilrechts , Berlin, Springer, 193-225.
  • Alexander, Janet Cooper (1992), ‘Unlimited Shareholder Liability Through a Procedural Lense’, 106 Harvard International Law Journal , 387-445.
  • Alting, Carsten. (1995), ‘Piercing the Corporate Veil in American and German Law – Liability of Individuals and Entities: A Comparative View’, 2 Tulsa Journal of Comparative and International Law , 187 ff.
  • Amsler, Christine E., Bartlett, Robin L. and Bolton, Craig J. (1981), ‘Thoughts of Some British Economists on Early Limited Liability and Corporate Legislation’, 13 History of Political Economy , 774-793.
  • Anderson, Gary M. and Tollison, Robert D. (1983), ‘The Myth of the Corporation as a Creation of the State’, 3 International Review of Law and Economics , 107-120.
  • Bainbridge, Stephen M. (1993), ‘In Defence of the Shareholder Wealth Maximization Norm: A Reply to Professor Green’, 50 Washington and Lee Law Review , 1423 ff.
  • Banerjee, Anindya and Besley, Timothy (1990), ‘Moral Hazard, Limited Liability and Taxation: A Principal- Agent Model’, 42 Oxford Economic Papers , 46-60.
  • Blumberg, Phillip L. (1986), ‘Limited Liability and Corporate Groups’, 11 Journal of Corporation Law , 573-631.
  • Borders, James R. (1987), ‘Note: The Growth of Lender Liability: An Economic Perspective’, 21 Georgia Law Review , 723 ff.
  • Boyd, James and Ingberman, Daniel E. (1996), ‘The Polluter Pays Principle: Should Liability Be Extended When the Polluter Cannot Pay?’, 21 Geneva Papers on Risk and Insurance .
  • Brander, James A. and Lewis, Tracy R. (1989), ‘Oligopoly and Financial Structure: The Limited Liability Effect’, 76 American Economic Review , 956-970.
  • Brander, James A. and Spencer, Barbara J. (1989), ‘Moral Hazard and Limited Liability: Implications for the Theory of the Firm’, 30 International Economic Review , 833-849.
  • Buckley, Francis H. (1986), ‘The Bankruptcy Priority Puzzle’, 72 Virginia Law Review , 1393-1470.
  • Butler, Henry N. and Ribstein, Larry E., ‘State Anti-Takeover Statutes and the Contract Clause’, 57 University of Cincinnati Law Review , 611 ff.
  • Butler, Henry N. and Ribstein, Larry E. (1989), ‘The Contract Clause and the Corporation’, 55 Brooklyn Law Review , 767 ff.
  • Byam, John I. (1982), ‘The Economic Inefficiency of Corporate Criminal Liability’, 73 Journal of Criminal Law and Criminology , 582-603.
  • Carney, William J. (1995), ‘Limited Liability Companies: Origins and Antecedents’, 66 University of Colorado Law Review , 855-880.
  • Carr, Jack L. and Mathewson, G. Frank (1988), ‘Unlimited Liability as a Barrier to Entry’, 96 Journal of Political Economy , 766-784.
  • Coffey, Michael P. (1994), ‘Note: In Defense of Limited Liability — A Reply to Hansmann and Kraakman’, 1 George Mason Law Review , 59-91.
  • Craig, Ben and Thiel, Stuart E. (1990), ‘Large Risks and the Decision to Incorporate’, 42 Journal of Economics and Business , 185-194.
  • Demsetz, Harold (1986), ‘A Commentary on Liability Rules and the Derivative Suit in Corporate Law’, 71 Cornell Law Review , 352-356.
  • Dent, George W., Jr. (1991), ‘Limited Liability in Environmental Law’, 26 Wake Forest Law Review , 151-182.
  • Diamond, Aubrey L. (1982), ‘Corporate Personality and Limited Liability’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 22-43.
  • Dobson, Juan (1986), ”Lifting the Veil’ in Four Countries: The Law of Argentina, England, France and The United States’, 35 International and Comparatice Law Quarterly , 839-863.
  • Dodd, E. Merrick (1948), ‘The Evolution of Limited Liability in American Industry: Massachusetts’, 61 Harvard International Law Journal , 1351-1379.
  • Easterbrook, Frank H. and Fischel, Daniel R. (1985), ‘Limited Liability and the Corporation’, 52 University of Chicago Law Review , 89-117.
  • Ekelund, Robert B., Jr. and Tollison, Robert D. (1980), ‘Mercantilist Origins of the Corporation’, 11 Bell Journal of Economics , 715-720.
  • Eswaran, Mukesh and Kotwal, Ashok (1989), ‘Why Are Capitalists the Bosses?’, 99 Economic Journal , 162-176.
  • Evans, Lewis T. and Quigley, Neil C. (1995), ‘Shareholder Liability Regimes, Principal-Agent Relationships, and Banking Industry Performance’, 38 Journal of Law and Economics , 497-520.
  • Fairburn, James and Kay, John A. (eds.) (1989), Mergers and Merger Policy , Oxford, Oxford University Press, 356 p.
  • Fischel, Daniel R. (1989), ‘The Economics of Lender Liability’, 99 Yale Law Journal , 131-154.
  • Forbes, Kevin F. (1986), ‘Limited Liability and the Development of the Business Corporation’, 2 Journal of Law, Economics, and Organization , 163-177.
  • Frost, Christopher (1993), ‘Organizational Form, Misappropriation Risk and the Substantive Consolidation of Corporate Groups’, 44 Hastings Law Journal , 449 ff.
  • Garven, James R. and Pottier, Stephen W. (1995), ‘Incentive Contracting and the Role of Participation Rights in Stock Insurers’, 62 Journal of Risk and Insurance , 253-270.
  • Gillman, Max and Eade, Tim (1995), ‘The Development of the Corporation in England, with Emphasis on Limited Liability’, 22 International Journal of Social Economics , 20-32.
  • Gilson, Ronald J. (1991), ‘Unlimited Liability and Law Firm Organization: Tax Factors and the Direction of Causation’, 99 Journal of Political Economy , 420-428.
  • Grossman, Peter Z. (1995), ‘The Market for Shares of Companies with Unlimited Liability: The Case of American Express’, 24 Journal of Legal Studies , 63-85.
  • Grundfest, Joseph A. (1992), ‘The Limited Future of Unlimited Liability: A Capital Markets Perspective’, 102 Yale Journal on Regulation , 387-425.
  • Halpern, Paul J., Trebilcock, Michael J. and Turnbull, Stuart M. (1980), ‘An Economic Analysis of Limited Liability in Corporation Law’, 30 University of Toronto Law Journal , 117-150.
  • Hansmann, Henry and Kraakman, Reinier H. (1991), ‘Toward Unlimited Shareholder Liability for Corporate Torts’, 1991 Yale Law Journal , 1879-1934.
  • Hansmann, Henry B. and Kraakman, Reinier H. (1991), ‘The Uneasy Case for Limiting Shareholder Liability in Tort’, 100 Yale Law Journal , 1879-1934.
  • Hansmann, Henry B. and Kraakman, Reinier H. (1992), ‘Do the Capital Markets Compel Limited Liability?’, 94 Yale Law Journal , 427-436.
  • Hansmann, Henry B. and Kraakman, Reinier H. (1992), ‘A Procedural Focus on Unlimited Liability’, 106 Harvard Law Review , 446-459.
  • Hellwig, Martin F. (1981), ‘Bankruptcy, Limited Liability, and the Modigliani-Miller Theorem’, 71 American Economic Review , 155-170.
  • Hicks, John R. (1982), ‘Limited Liability: The Pros and Cons’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 11-21.
  • Horvath, Michael T.K and Woywode, Michael J. (1996), Entrepreneurs and the Choice of Limited Liability , Working Paper, Stanford University.
  • John, Kose, John, Teresa and Senbet, Lemma W. (1991), ‘Risk-Shifting Incentives of Depository Institutions: A New Perspective on Federal Deposit Insurance Reform’, 15 Journal of Banking and Finance , 895-915.
  • Johnston, David. (1995), ‘The Development of Law in Classical and Early Medieval Europe: Limiting Liability: Roman Law and the Civil Law Tradition’, 70 Chicago-Kent Law Review , 1515-1538.
  • Katz, Wilbur G. (1960), ‘Responsibility and the Modern Corporation’, 3 Journal of Law and Economics , 75-85.
  • Kim, Sung Bae (1995), ‘A Comparison of the Doctrine of Piercing the Corporate Veil in the United States and in South Korea’, 3 Tulsa Journal of Comparative and International Law , 73-94.
  • Klaus Macharzina. (1982), ‘Corporate Forms and Limited Liability in German Company Law’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 44-72.
  • Kornhauser, Lewis A. (1982), ‘An Economic Analysis of the Choice Between Enterprise and Personal Liability for Accidents’, 70 California Law Review , 1345-1392.
  • Kraakman, Reinier H. (1984), ‘Corporate Liability Strategies and the Costs of Legal Controls’, 93 Yale Law Journal , 857-898.
  • Krendl, Kathy S. and Krendl, James R. (1978), ‘Piercing the Corporate Veil: Focusing the Inquiry’, 55 Denver Law Journal , 1-59.
  • Landers, Jonathan M. (1975), ‘A Unified Approach to Parent, Subsidiairy and Affiliate Questions in Bankruptcy’, 42 University of Chicago Law Review , 589-652.
  • Landers, Jonathan M. (1976), ‘Another Word on Parents, Subsidiaries and Affiliates in Bankruptcy’, 43 University of Chicago Law Review , 527-540.
  • Lawrence, William H. (1989), ‘Lender Control Liability: An Analytical Model Illustrated with Applications to the Relational Theory of Secured Financing’, 62 Southern California Law Review , 1387-1447.
  • Leebron, David W. (1991), ‘Limited Liability, Tort Victims, and Creditors’, 91 Columbia Law Review , 1650 ff.
  • Lehmann, Michael (1986), ‘Das Privileg der beschrŠnkten Haftung und der Durchgriff im Gesellschafts- und Konzernrecht. Eine juristische und škonomische Analyse (The Privilege of Limited Liability and the Peircing of the Corporate Veil in Association and Trust Law)’, 3 Zeitschrift fŸr Unternehmens- und Gesellschaftsrecht , 345-370.
  • Livermore, Shaw (1935), ‘Unlimited Liability in Early American Corporations’, 43 Journal of Political Economy , 674-687.
  • Llebot Majo, JosŽ Oriol (1996), ‘Doctrina y teor’a de la empresa en el Derecho mercantil (Una aproximaci—n al significado de la teor’a contractual de la empresa) (Doctrine and Theory of the Firm in Contract Law Approaching the Meaning of Corporate Contractual Theory)’, 210 Revista de Derecho Mercantil , 319-388.
  • Lopucki, Lynn M. (1996), ‘The Death of Liability? A Systems/Strategic Analysis’, 106 Yale Law Journal , 1-92.
  • Macey, Jonathan R. and Miller, Geoffrey P. (1992), ‘Double Liability of Bank Shareholders: History and Implications’, 27 Wake Forest Law Review , 31-62.
  • Manne, Henry G. (1967), ‘Our Two Corporate Systems: Law and Economics’, 53 Virginia Law Review , 259-284.
  • Maria Teresa Guerra Medici (1982), ‘Limited Liability in Mediterranean Trade from the 12th to the 15th Century’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 122-136.
  • McChesney, Fred S. (1993), ‘Doctrinal Analysis and Statistical Modeling in Law: The Case of Defective Incorporation’, 71 Washington United Law Quaterly , 193-534.
  • Meiners, Roger E., Mofsky, James and Tollison, Robert D. (1979), ‘Piercing the Veil of Limited Liability’, 4 Delaware Journal of Corporate Law , 351-367.
  • Menell, Peter S. (1990), ‘Legal Advising on Corporate Structure in the New Era of Environmental Liability’, Columbia Business Law Review , 399-413.
  • Minchinton, Walter E. (1982), ‘Chartered Companies and Limited Liability’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 137-160.
  • Mitchell, Lawrence E. (1989), ‘Close Corporations Reconsidered’, 63 Tulane Law Review , 1143-1190.
  • Murphy, N. Scott (1995), ‘Note: It’s Nothing Personal: The Public Costs of Limited Liability Law Partnerships’, 71 Indiana Law Journal , 201-233.
  • Old, J.L. (1985), ‘Some Economic Considerations of Limited Liability’, 19 Law Teacher , 84-89.
  • Orhnial, Tony. (1982), ‘Liability Laws and Company Finance’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 179-190.
  • Pardinas, Claudia M. (1991), ‘The Enigma of the Legal Liability of Transnational Corporations’, 14 Suffolk Transnational Law Journal , 405-456.
  • Patterson, Mark R. (1995), ‘Is Unlimited Liability Really Unattainable?: of Long Arms and Short Sales’, 56 Ohio State Law Journal , 815-898.
  • Paz-Ares, C‡ndido (1983), ‘Sobre la infracapitazaci—n de las sociedades (Infracapitalization of Ventures)’, ADC , 1587-1639.
  • Paz-Ares, C‡ndido (1994), ‘La infracapitalizaci—n. Una aproximaci—n contractual (A Contractual Approach to Infracapitalization)’, Rds. n¼. extraordinario , 253-269.
  • Perrott, David L. (1982), ‘Changes in Attitude to Limited Liability — the European Experience’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 81-121.
  • Posey, Lisa Lipowski (1993), ‘Limited Liability and Incentives When Firms Can Inflict Damages Greater Than Net Worth’, 13 International Review of Law and Economics , 325-330.
  • Posner, Richard A. (1976), ‘The Rights of Creditors of Affiliated Corporations’, 43 University of Chicago Law Review , 499-526.
  • Presser, Stephen B. (1992), ‘Commentary: Thwarting the Killing of the Corporation: Limited Liability, Democracy, and Economics’, 87 Northwestern University Law Review , 148-179.
  • Presser, Stephen B. (1995), Piercing the Corporate Veil , Deerfield, Ill., Clark Boardman Callaghan.
  • Price, Andrew (1995), ‘Tort Creditor Superiority and Other Proposed Solutions to Corporate Limited Liability and the Problem of Externalities’, 2 George Mason Law Review , 439-476.
  • Ribstein, Larry E. (1987), ‘A Statutory Approach to Partner Dissociation’, 65 Washington University Law Quarterly , 357 ff.
  • Ribstein, Larry E. (1988), ‘An Applied Theory of Limited Partnership’, 37 Emory Law Journal , 837 ff.
  • Ribstein, Larry E. (1991), ‘Limited Liability and Theories of the Corporation’, 50 Maryland Law Review , 80 ff.
  • Ribstein, Larry E. (1992), ‘Efficiency, Regulation and Competition: A Comment on Easterbrook & Fischel’, 87 Northwestern University Law Review , 254 ff.
  • Ribstein, Larry E. (1992), ‘The Deregulation of Limited Liability and the Death of Partnership’, 70 Washington University Law Quarterly , 417 ff.
  • Ribstein, Larry E. (1995), ‘The Constitutional Conception of the Corporation’, 4 Supreme Court Economic Review , 95 ff.
  • Ribstein, Larry E. and Kobayashi, Bruce H. (1995), ‘Uniform Laws, Model Laws and Limited Liability Companies’, 66 University of Colorado Law Review , 947-999.
  • Ringleb, Al H. and Wiggins, Steven N. (1990), ‘Liability and Large-Scale, Long-Term Hazards’, 98 Journal of Political Economy , 574-595.
  • Roe, Mark J. (1986), ‘Corporate Strategic Reaction to Mass Tort’, 72 Virginia Law Review , 1-59.
  • Roth, GŸnter H. (1986), ‘Zur “economic analysis” der beschrŠnk ten Haftung (On the ‘Economic Analysis’ of Limited Liability)’, 3 Zeitschrift fŸr Unternehmens- und Gesellschaftsrecht , 371-382.
  • Roth, GŸnter H. (1991), ‘Kommentar (Comment On Adams, Eigentum, Kontrolle und beschrŠn)’, in Ott, Claus and SchŠfer, Hans-Bernd (eds.), …konomische Probleme des Zivilrechts , Berlin, Springer, 226-233.
  • Saville, John. (1956), ‘Sleeping Partnerships and Limited Liability, 1850-1856’, 8 Economic History Review, Second Series , 418-433.
  • Schiessl, Maximilian (1986), ‘The Liability of Corporations and Shareholders for the Capitalization and Obligations of Subsidiaries under German Law’, 7 Journal of International Law and Economics , 480-506.
  • Schwartz, Alan (1985), ‘Products Liability, Corporate Structure, and Bankruptcy: Toxic Substances and the Remote Risk Relationship’, 14 Journal of Legal Studies , 689-736.
  • Shannon, Herbert A. (1931), ‘The Coming of General Limited Liability’, 2 Econ. Hist. , 267-291.
  • Siliciano, John A. (1987), ‘Corporate Behavior and the Social Efficiency of Tort Law’, 85 Michigan Law Review , 1820-1864.
  • Spier, Kathryn E. (1994), ‘A Note on Joint and Several Liability : Insolvency, Settlement, and Incentives’, 23 Journal of Legal Studies , 559-568.
  • Suen, Wing (1995), ‘Risk Avoidance under Limited Liability’, 65 Journal of Economic Theory , 627-634.
  • Thompson, Robert B. (1994), ‘Unpacking Limited Liability: Direct and Vicarious Liability of Corporate Participants for Torts of the Enterprise’, 47 Vanderbilt Law Review , 1-41.
  • ThŸmmel, Hans (1978), ‘Piercing the Corporate Veil — Germany’, 6 International Business Law , 282-287.
  • Turnbull, Shann (1997), Evolution of Business and the Corporate Structure , Corporate Directors’ Diploma Course, University of New England, Armidale, Australia, Topic 1.1.
  • Van ‘t Veld, Klaas (1997), The Judgment Proof Opporunity , Manuscript.
  • Walter, E. Minchinton (1982), ‘Chartered Companies and Limited Liability’, in Orhnial, Tony (ed.), Limited Liability and the Corporation , London, Croom Helm, 137-160.
  • Weber-Ray, Daniela (1995), ‘Insolvency of a German Limited Liability Company: De Facto Shareholders, Group Liability for Individual Shareholders’, 7 Pace International Law Review , 523-531.
  • Woodward, Susan (1985), ‘Limited Liability in the Theory of the Firm’, 141 Journal of Institutional and Theoretical Economics , 601-611.
  • X (1941), ‘Note: Investor Liability: Financial Innovations in the Regulatory State and the Coming Revolution in Corporate Law’, 107 Harvard Law Review , 58 ff.
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