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Der Preis des Bewahrens : Ökonomie des Natur- und Landschaftsschutzes
Blöchliger, Hansjörg - 1992
Persistent link: https://www.econbiz.de/10004156959
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The Coase Theorem and Core Theory
Aivazian, Varouj A.; Callen, Jeffrey L. - In: Man and the Economy 4 (2017) 2
Abstract The writings of Ronald Coase, along with those of Armen Alchian and Harold Demsetz, on the theory of property … Economics , 3(1),1–44) not only clarified the notion of externality but also laid the foundations for a powerful theory of … note we will briefly review our work spanning many years linking the Coase Theorem to Cooperative Game Theory and Core …
Persistent link: https://www.econbiz.de/10014615741
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Where are the big bills? Escaping the endogenizer’s dilemma
Martin, Adam - In: The Review of Austrian Economics 27 (2014) 1, pp. 81-95
The continual expansion of rational choice theory to a greater range of social phenomena—from markets to politics and …
Persistent link: https://www.econbiz.de/10010987902
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Transaction costs can encourage Coasean bargaining
Robson, Alex - In: Public Choice 160 (2014) 3, pp. 539-549
When there are three parties, instability problems brought about by the emptiness of the core of the corresponding cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that the standard Coasean bargaining game involving...
Persistent link: https://www.econbiz.de/10010988013
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Goals and Principles of Environmental Policy
Zylicz, Tomasz - In: International Review of Environmental and Resource Economics 3 (2010) 4, pp. 299-334
This paper looks at how contemporary environmental (including climate) policy problems are phrased in terms of effectiveness, efficiency, and equity. The latter three concepts have served as foci of theoretical discussions among economists who analyse these issues and identify criteria that...
Persistent link: https://www.econbiz.de/10010990887
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Detrimental externalities, pollution rights, and the “Coase theorem”
Chipman, John; Tian, Guoqiang - In: Economic Theory 49 (2012) 2, pp. 309-327
Persistent link: https://www.econbiz.de/10010993593
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Understanding 'The Problem of Social Cost'
BAFFI, Enrico - In: Journal of Advanced Research in Law and Economics IV (2013) 1, pp. 46-52
1960, Coase's theory has been developed and has become a pillar of tort law and economics. Pigou proposed a tax as an …
Persistent link: https://www.econbiz.de/10010851978
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Auctions with resale and bargaining power
Cheng, Harrison - In: Journal of Mathematical Economics 47 (2011) 3, pp. 300-308
We show that when the weak bidder’s bargaining power in the resale market is weakened, the auctioneer’s revenue from the first-price auction with resale is lower. Using the idea of Coase Theorem, we show that when the resale market is a sequential bargaining model with no commitment, the...
Persistent link: https://www.econbiz.de/10010875242
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Coase Revisited: Economic Efficiency under Externalities, Transaction Costs and Non-Convexity
Chavas, Jean-Paul - Agricultural and Applied Economics Association - AAEA - 2013
This paper presents a general equilibrium analysis of economic efficiency under externalities, transaction costs and non-convexity. It applies to market exchange as well as contractual arrangements. We show that the Coase theorem continues to hold under general conditions: the efficient...
Persistent link: https://www.econbiz.de/10010916309
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A note on Coasean dynamics
Entires, Alfred; Rundshagen, Bianca - In: Environmental Economics and Policy Studies 9 (2008) 1, pp. 57-66
Under certain conditions, externalities may be internalized by voluntary agreements between the involved parties. According to the Coase theorem, the equilibrium allocation is independent from whether the property rights are assigned to the polluter or to the pollutee. In this article we extend...
Persistent link: https://www.econbiz.de/10010949547