The University of Chicago Law Review · 1992 · 321 citations · 0 references
BusinessBusiness EconomicsFinanceCapital StructureCorporate FinanceFinancial EconomicsCapital Structure AnalysisCapital Structure DesignCapital Structure DeterminantsCapital Structure TheoryDebt-equity StructuringCapital Structure Choice Under Asymmetric InformationCorporate Debt StructureCorporate Financing BehaviorDebt-equity ChoiceModigliani-miller Irrelevance PropositionModigliani-miller TheoremProject Capital Structure
Professor Picker contemplates his own agent-based computer simulation game-SimLaw 2011. He uses this vehicle to describe how "organized decision making" may differ substantially from individualized decision making. The simulations are available on the Internet, and the article is best read with access to a computer. Then he analyzes the consequences that organized decision making may have on future decisions made by our biggest organization-the government.