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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

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

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

Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics

Acemoglu, Daron - 2002

Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning 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...

Persistent link: https://www.econbiz.de/10012469326

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

The Political Coase Theorem : Experimental Evidence

Galiani, Sebastian - 2014

The Political Coase Theorem (PCT) states that, in the absence of transaction costs, agents should agree to implement efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to explore how commitment problems undermine the validity...

Persistent link: https://www.econbiz.de/10012458724

Three Things about Mobile App Commissions

Gans, Joshua - National Bureau of Economic Research - 2024

Mobile app commissions paid by app developers to a monopolist device maker/app store operator are examined. Three results are demonstrated. First, unregulated app commissions are set at a level that maximises consumer surplus. Second, eliminating app commissions will lead to higher device...

Persistent link: https://www.econbiz.de/10014528379

Protection and the Product Line : Monopoly and Product Quality

Krishna, Kala - 1985

Thereare three points made in this paper. The first is that the question concerning choice of a product line by a monopolist is similar in structure to other adverse selection problems -- and can be analyzed in an elementary way by adapting techniques recently developed for such problems. Such...

Persistent link: https://www.econbiz.de/10012477549

Social Costs of Monopoly and Regulation

Posner, Richard A. - 1974

, suffer a loss, that is not offset by gains to the monopolist. This is the "deadweight loss" from monopoly, and in … conventional analysis the only social cost of monopoly. The loss suffered by those who continue to buy the product at the higher … cost is regarded merely as a transfer from consumers to owners of the monopoly seller and has not previously been factored …

Persistent link: https://www.econbiz.de/10012479071

Why Tie A Product Consumers Do Not Use?

Carlton, Dennis W. - 2007

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...

Persistent link: https://www.econbiz.de/10012465313

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