The Corporate Form as a Solution to a Discursive Dilemma
Edward B. Rock
University of Pennsylvania Law School
Journal of Institutional and Theoretical Economics, Forthcoming
U of Penn, Inst for Law & Econ Research Paper No. 05-20
I examine the connection between the discursive dilemma and corporate law. The discursive dilemma (or doctrinal paradox) is a distinctive social choice problem that was first identified by Kornhauser and Sager and later used as the basis for a theory of organizational personality by Pettit. I examine the ways in which the corporate form prevents the emergence of the discursive dilemma in the firm context and the extent to which the presence of the discursive dilemma can provide the foundation for a theory of corporate personality.
Number of Pages in PDF File: 26
Keywords: discursive dilemma and corporate law, doctrinal paradox, corporate personality
JEL Classification: D23, D70, D71, K20, K22, L20, L21, L22Accepted Paper Series
Date posted: September 20, 2005
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