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The Corporate Form as a Solution to a Discursive Dilemma

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  • Edward B. Rock

Abstract

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.

Suggested Citation

  • Edward B. Rock, 2006. "The Corporate Form as a Solution to a Discursive Dilemma," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 162(1), pages 57-71, March.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200603)162:1_57:tcfaas_2.0.tx_2-j
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    Citations

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    Cited by:

    1. Erich Schanze, 2006. "The Advantage of the Corporate Form: Premise-Based Decision-Making in Teams and its Relation to Specialization, Professionalization, and Delegated Responsibility. Comment," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 162(1), pages 72-75, March.
    2. Richard Adelstein, 2013. "Firms as Persons," Wesleyan Economics Working Papers 2013-003, Wesleyan University, Department of Economics.

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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