The Economics of Partnership

The New Palgrave Dictionary of Economics and the Law (1997).

Posted: 27 Jun 1997

See all articles by Larry E. Ribstein

Larry E. Ribstein

University of Illinois College of Law (deceased); PERC - Property and Environment Research Center

Abstract

This paper, prepared for The New Palgrave Dictionary of Economics and the Law, discusses the partnership form of business association as a type of standard form contract. It analyzes the role of partnership statutory provisions in supplying default contract terms, the economic rationales for specific default rules on management, fiduciary duties, exit and other matters, and the relationship between partnerships and other types of business associations.

Suggested Citation

Ribstein, Larry Edward, The Economics of Partnership. The New Palgrave Dictionary of Economics and the Law (1997)., Available at SSRN: https://ssrn.com/abstract=10492

Larry Edward Ribstein (Contact Author)

University of Illinois College of Law (deceased)

PERC - Property and Environment Research Center

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Bozeman, MT 59718
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