@article {15184, title = {Take-Over Bids, the Free Rider Problem and the Theory of the Corporation}, journal = {Bell Journal of Economics and Management Science}, volume = {11}, year = {1980}, note = {Partially reprinted in Posner and Scott, eds., Economics of Corporation Law and Securities Regulation. Reprinted in The Theory of Corporate Finance, M. J. Brennan (ed.), Brookfield VT: Edward Elgar Publishing Company, 1996. Reprinted in Corporate Governance, K. Keasey, S. Thompson, and M. Wright (eds.), Edward Elgar Publishing Ltd., 1999. }, pages = {42-64}, author = {Oliver Hart and S. Grossman} }