Competing with Ourselves: Supply-side Competition for Corporate Charters in Canada

Competition for Corporate Charters and the Lesson of Takeover Statutes

Supply-Side Inefficiencies in Corporate Charter Competition: Lessons from Patents, Yachting and Bluebooks

The States as a Laboratory: Legal Innovation and State Competition for Corporate Charters

Corporate law is an arena in which the metaphor of the “states as a laboratory” describes actual practice, and, for the most part, this is a laboratory that has worked reasonably well. The goal of this paper is to map out over time the diffusion of corporate law reforms across the states. The lawmaking pattern we observe indicates a dynamic process in which legal innovations originate from seve...

Getting Stuck Between Bottom and Top: State Competition for Corporate Charters in the Presence of Network Effects

For decades, American legal scholars have debated over the implications of allowing corporations to choose in which state they will incorporate, irrespective of where they do business. Until recently the debate has centered almost exclusively on whether the managers who choose where to incorporate have incentive to choose a state whose laws favor managers to the disadvantage of shareholders (th...

Efficiency of Competing Supply Chains under Price Competition

Consider a multi-channel supply chain (hereafter SC) system, producing and distributing two substitutable products. Within this framework, we study the SC efficiency by comparing several decentralized SC configurations with a centralized one. Our result show that it is often possible to achieve 93.5% or more of the total profit of a centralized SC in a decentralized configuration, which suggest...