Narrow search
Showing 1 - 10 of 179
Cover Image
Coasean Bargaining to Address Environmental Externalities
Libecap, Gary D. - 2016
I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I elaborate some of Coase's key points and discuss opportunities for Coasean exchange as an alternative mitigation approach. Regulation, tax, and Coasean exchange, such as through...
Persistent link: https://www.econbiz.de/10012456769
Cover Image
Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
Acemoglu, Daron - 2002
extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the … beliefs and ideologies of their peoples or leaders? Or are inefficiencies in politics and economics the outcome of social and … expense of the society at large. At the center of the theoretical case are the commitment problems inherent in politics …
Persistent link: https://www.econbiz.de/10012469326
Cover Image
Payment for Environmental Services : Hypotheses and Evidence
Alston, Lee J. - 2013
The use of Payment for Environmental Services (PES) is not a new type of contract but they have become more in vogue because of the potential for sequestering carbon by paying to prevent deforestation and degradation of forest lands. We provide a framework utilizing transaction costs to...
Persistent link: https://www.econbiz.de/10012459922
Cover Image
Coase v. the Coasians
Johnson, Simon - 1999
The Coase theorem implies that, in a world of positive transaction costs, any of a number of strategies, including judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring about efficient resource allocation. Unfortunately,...
Persistent link: https://www.econbiz.de/10012471336
Cover Image
Coasean Approaches to Ending Overfishing : Bigeye Tuna Conservation in the Western and Central Pacific Ocean
Ovando, Daniel - 2020
Bigeye tuna in the Western and Central Pacific Ocean were perceived as overfished for nearly 20 years, in large part due to incidental catch in the much larger skipjack tuna fishery. Efforts to halt the overfishing of bigeye stalled due to disagreements over the distribution of costs and...
Persistent link: https://www.econbiz.de/10012481104
Cover Image
Environmental Justice and Coasian Bargaining : The Role of Race and Income in Lease Negotiations for Shale Gas
Timmins, Christopher; Vissing, Ashley - National Bureau of Economic Research - 2021
Using a unique combination of datasets and estimation techniques, we test whether private lease negotiations to extract oil and natural gas exhibit features of Coasian efficiency. We demonstrate that measures of wealth (including income, house square footage, and land acreage), typically...
Persistent link: https://www.econbiz.de/10012696396
Cover Image
The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 2010
We examine an implication of the "Coase Theorem" which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the initial...
Persistent link: https://www.econbiz.de/10012462798
Cover Image
Intracompany Governance and Innovation
Belenzon, Sharon - 2009
This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and publicly traded innovating firms in the US and 15 European countries. A striking novel observation emerges from our analysis: while most innovating firms in the US are publicly...
Persistent link: https://www.econbiz.de/10012463346
Cover Image
Institutions as the Fundamental Cause of Long-Run Growth
Acemoglu, Daron - 2004
This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two 'quasi-natural experiments' in history, the division of...
Persistent link: https://www.econbiz.de/10012468212
Cover Image
Risk Aversion, Liability Rules, and Safety
Zivin, Joshua Graff - 2003
This paper investigates the performance of liability rules in two-party stochastic externality problems where negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in polluter liability does not necessarily increase safety or...
Persistent link: https://www.econbiz.de/10012469020