This paper considers the relationship between the Coase Theorem as a normative tool of policy analysis and the Preferential Option for the Poor in Catholic Social Thought (CST). After explaining the conceptual foundations of the theorem for the benefit of those who work in CST but have little...

This study explores mechanism design for networks of interpersonal relationships. Agents' social (i.e., altruistic or spiteful) preferences and private payoffs are all subject to asymmetric information; utility is (quasi-)linear, types are independent. I show that any network of at least three...

One of Coase's central insights is that distinguishing between the generator and recipient of an externality is of limited value because externality problems are reciprocal. We reconsider the relevance of the identity of the generator in a model with non-contractible investment ex ante but...

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...

This article suggests that the law of Deuteronomy 23:25, 26, which allows all people unlimited access to fields, is referring to ownerless fields that have only two possible uses, as farmland or as passageways for travelers. If the value of the land as a pathway for travelers is greater than the...