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The Contractual Nature of the Firm
Steven N. S. Cheung
Journal of Law and Economics , Vol. 26, No. 1. (Apr., 1983), pp. 1-21.
Stable URL:
/sici?sici=0022-21862926%3A1%3C1%3ATCNOTF%3E2.0.CO%3B2-C
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Fri Jun 8 04:04:50 2007
THE CONTRACTUAL NATURE
OF THE FIRM*
STEVEN N . S. CHEUNG
University of Hong Kong
A m o s r half a century has elapsed since R. H. Coase wrote The Na-
ture of the ~ i r m . The impact of this paper is now increasing. At about
twenty years of age and before receiving a bachelors degree from the
London School of Economics, Coase conceived the thes
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