Recent Faculty Scholarship
Following is a sample of scholarship recently produced by members of the College of Law's faculty. Readers may follow the link provided within each posting to download a copy of the entire paper. For a more complete list of faculty scholarship, please visit the Faculty Bibliography. For access to all Iowa Law faculty scholarship that has been posted on the Social Science Research Network, please click here.
Inefficient Results in the Market for Corporate Control: Highest Bidders, Highest-Value Users, and Socially Optimal Owners
Legal and economic scholarship on the market for corporate control has generally assumed that if the party willing to pay the highest price purchases the target company, the result will be efficient. In this article, Professor Miller argues that this invisible-hand assumption–while generally correct in other markets–fails in the market for corporate control. To read the article, click here and then press the “download this paper” button.Posted on October 12, 2012