The Coase Theorem
Debt-for –Nature Swaps and the Coase Theorem
... Though Coase did note the potential role of domestic governmental institutions to intervene in cases of market failure, he did so with trepidation, and he did not address the workings of international institutions ...
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The ‘Coase Theorem’ vs Coase theorem proper: How an error emerged and why it remained uncorrected so long
... ‘Coase Theorem’ vs. Coase Theorem Proper: How an error emerged and why it remained uncorrected so long George Stigler invited Ronald Coase to Chicago in 1959 to give a speech at a ...
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Costly Enforcement of Property Rights and the Coase Theorem
... One line of research has focused on the role of incomplete information as a source of transaction costs. It is straightforward to show under such condi- tions that the initial assignment of property rights matters for ...
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Costly Enforcement of Property Rights and the Coase Theorem
... One line of research has focused on the role of incomplete information as a source of transaction costs. It is straightforward to show under such condi- tions that the initial assignment of property rights matters for ...
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Willingness to take care of good cars: from the theorem of lemons to the Coase theorem
... The analysis of choice between a good high-mileage car and a bad aged low-mileage car goes beyond the traditional considerations on status purchases and describes the phenomenon of the consumers’ willingness to take care ...
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Debating Law’s Irrelevance: Legal Scholarship and the Coase Theorem in the 1960s
... the Coase theorem or to the economic approach to law generally, even at Chicago, were enthusias- tic about the possibilities of Coase-type market solutions as compared with regulatory ...Citing ...
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The Coase Theorem, Private Information, and the Benefits of Not Assigning Property Rights
... information; Coase theorem JEL classification: D82; K11 ∗ This is the original working paper version of the following article: Schmitz, ...“The Coase Theorem, Private Information, and the Bene ...
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The Coase Theorem and Real Markets: An Empirical Analysis of Negotiations between Waterworks and Farmers in Denmark
... investigate if the Coase theorem holds in a situation where Coasian bargaining has been applied in a real market setting. 3. 1 Drinking water protection in Denmark Nearly all Danish drinking water comes ...
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Information and the Coase Theorem
... Modern analysis of bargaining under incomplete information shows that property rights and negotiation will not lead to fully efficient outcomes in that interesting case (Samuelson, 1985)[r] ...
Rethinking of Coase Theorem: Externalities and Uncertainty
... Externalities, Coase theorem, Uncertainty JEL Classifications: А11, B40, B25 ...The Coase theorem in any of its interpretations has been for a long time a subject of critical evaluations, ...
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Rethinking of Coase Theorem: Externalities and Uncertainty
... the Coase theorem, which is expected to explain a number of similar ...the theorem interpretation generate conflicts in a perception and identification of ...by Coase and his followers, the ...
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Why not a political Coase theorem? Social conflict, commitment, and politics
... political Coase theorem ...the Coase theorem requires transfers from one party to another and these transfers cannot be made at the same ...
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Theory meets practice in the taxi industry: Coase and Uber
... Coase’s Theorem in practice. The Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is one of the simplest yet profound ideas in ...
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Theory meets practice in the taxi industry: Coase and Uber
... Abstract This paper demonstrates how the transformation of the taxi industry is an example of Coase’s T heorem in practice. The Coase Theorem, as postulated by Nobel Laureate Ronald Coase (1991), is ...
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What did Ronald Coase know about the Law of Tort?
... the Coase Theorem … that in the absence of transaction costs the allocation of resources reached by negotiation and bargain, assuming economic rationality, would be unaffected by the rule as to civil legal ...
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Coase
... previous year. Pigou was the first neoclassical economist to write extensively about how the costs of moving resources should be factored into economic analysis, although his concept of "costs of movement" was ...
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On Coase and Hotelling
... the Coase conjecture requires extreme patience, ...the Coase conjecture arises and sellers capture the full resource surplus, even though the conjecture does not arise in the equivalent durable-good ...
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On Coase and Hotelling
... (Sobel, 1991) change anything fundamental in the resource problem. And Karp’s (1996) depreciation does not apply either. There is nevertheless a different way in which the buyer might be able to escape the conjecture, or ...
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On Coase and Hotelling
... There is nevertheless a different way in which the buyer might be able to escape the conjecture, or more precisely, retain a larger share of the overall surplus. To maintain a close connection to the durable-good ...
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« Going with Coase against Coase : The Dynamic Approach to the Internalization of External Effects »
... to Coase, however, we argue that the level of transaction costs cannot be considered as given, and that there is therefore a case for selective and innovative government intervention to reduce such transaction ...
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