Chapter 16. Limited Liability in the Theory of the Firm

  1. Donald A. Wittman
  1. Susan E. Woodward

Published Online: 17 DEC 2007

DOI: 10.1002/9780470752135.ch16

Economic Analysis of the Law: Selected Readings

Economic Analysis of the Law: Selected Readings

How to Cite

Woodward, S. E. (2004) Limited Liability in the Theory of the Firm, in Economic Analysis of the Law: Selected Readings (ed D. A. Wittman), Blackwell Publishing Ltd, Oxford, UK. doi: 10.1002/9780470752135.ch16

Publication History

  1. Published Online: 17 DEC 2007
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631231578

Online ISBN: 9780470752135

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Keywords:

  • corporate finance;
  • transaction costs;
  • production technology;
  • risk-aversion;
  • decisions

Summary

This chapter contains section titled:

  • When is Risk-Aversion not the Issue?

  • Costs of Extending Liability to Shareholders

  • Costs of Limiting Liability

  • Limited Liability and the Tort Creditors

  • Conclusion