Competitive fairness and the concept of a fair price under Delaware law on M&A
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説明
<jats:p>The entire fairness test that the Delaware Court of Chancery developed in the famous <jats:italic>Technicolor</jats:italic> case defines what constitutes fair dealings and fair pricing. This study introduces a new concept of fairness, called competitive fairness, that covers entire fairness. It develops what I call open market bargaining theory and demonstrates that the <jats:italic>Technicolor</jats:italic> outcome is an open market bargaining equilibrium, which can be thought as competitively fair under the nondiscrimination rule of markets.</jats:p>
収録刊行物
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- International Journal of Economic Theory
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International Journal of Economic Theory 4 (2), 175-190, 2008-05-25
Wiley
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詳細情報 詳細情報について
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- CRID
- 1360574094015648256
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- ISSN
- 17427363
- 17427355
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- データソース種別
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- Crossref
- OpenAIRE