Aaron Edlin Explains Nobel Laureate’s Analysis of Corporate Governance

San Francisco Chronicle, October 13, 2009 by Kathleen Ponder

“One of the central questions that firms always face is when it makes sense to merge with another firm, when it makes sense to write a long-term contract with the other firm and how that long-term contract should be structured, and when it makes sense to deal on a short-term basis and buy things on spot markets,” said Aaron Edlin, a UC Berkeley professor of law and economics. “His work is about which of these decisions make the most sense.”