Externalities, Non-Separability and the Coase Theorem : A Mathematical Re-Exposition

This note contributes to the Coase Theorem. The Coasian interaction between two producers is represented, according to a statement of Coase, as a straight problem of constrained maximization of the value of production. This formulation allows showing that the validity of the Coase's theorem for a two-by-two producers' economy does not depend on the form of cost function. This overcomes an unresolved controversy, fueled in a series of articles appeared in the AER in the 70's

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Year of publication:	[2010]
Authors:	Chirichiello, Giuseppe
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Mathematik \| Mathematics \| Externer Effekt \| Externalities

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 29, 2009 erstellt
Other identifiers:	10.2139/ssrn.1334743 [DOI]
Classification:	B15 - Historical; Institutional ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; D62 - Externalities
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012715520