Frank Easterbrook and Daniel Fischel

PIONEERS OF LAW AND ECONOMICS, Lloyd R. Cohen and Joshua D. Wright, eds., Edgar Publishing, 2008

U of Texas Law, Law and Econ Research Paper No. 121

26 Pages Posted: 5 Feb 2008

Abstract

This chapter in the book PIONEERS OF LAW AND ECONOMICS summarizes the role of Frank Easterbrook and Daniel Fischel in the development of modern law and economics. I first summarize their conceptual, methodological, and substantive innovations. I then discuss details of their work on hostile takeovers, disclosure regulation, and limited liability, and place their contribution in a broader context of prior and contemporaneous work. Finally, I discuss what we've learned about those subjects in more than 20 years since the publication of Easterbrook and Fischel's pioneering work; the areas where they turned out to be right or wrong; and the areas on which we still know very little.

Keywords: law and economics, Easterbrook, Fischel, takeovers, disclosure, limited liability

JEL Classification: K00, K22, N00, N40

Suggested Citation

Litvak, Kate, Frank Easterbrook and Daniel Fischel. PIONEERS OF LAW AND ECONOMICS, Lloyd R. Cohen and Joshua D. Wright, eds., Edgar Publishing, 2008 , U of Texas Law, Law and Econ Research Paper No. 121, Available at SSRN: https://ssrn.com/abstract=1089948

Kate Litvak (Contact Author)

Northwestern University - Pritzker School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States

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