Similar Search Results

An Economic Response to Unsolicited Communication

Loder, Theodore; Van Alstyne, Marshall; Wash, Rick - In: Advances in Economic Analysis & Policy 6 (2006) 1

Abstract If communication involves some transactions cost to both sender and recipient, what policy ensures that correct messages -- those with positive social surplus - get sent? Filters block messages that harm recipients but benefit senders by more than transactions costs. Taxes can block...

Persistent link: https://www.econbiz.de/10014587444

Coase on the Coase Theorem, “The Social Cost Controversy”

Mohrman, Henry - In: Man and the Economy 2 (2015) 2, pp. 215-239

Abstract What did Coase teach about “The Social Cost Controversy” in the classroom? In 1972, an important year in the development of the economic approach to law, Coase taught “The Problem of Social Cost” and some important critiques of it, making his classroom a model of the market for...

Persistent link: https://www.econbiz.de/10014615696

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

The Insight and the Legacy of the Theory of Share Tenancy

Allen, Douglas W.; Lueck, Dean - In: Man and the Economy 5 (2018) 1

Abstract The Theory of Share Tenancy by Steven Cheung, first published as a PhD thesis 50 years ago, was an important …

Persistent link: https://www.econbiz.de/10014615747

Can coase govern the Green Bay Packers?

Chen, Jia-Yuh; Khadka, Manish - In: Managerial Finance 41 (2015) 3, pp. 328-342

Purpose – The agency problem inherent in governing public corporations predicts a management not acting in shareholders’ best interest. The purpose of this paper is to use the Green Bay Packers’ unique ownership structure as a case study to show that a disperse shareholder base does not...

Persistent link: https://www.econbiz.de/10014941952

Emissions trading in China: lessons from Taiyuan SO 2 emissions trading program

Lu, Zhen - In: Sustainability Accounting, Management and Policy Journal 2 (2011) 1, pp. 27-44

. The interview questions are developed from the literature on emissions trading practice and theory. Findings – The Taiyuan …

Persistent link: https://www.econbiz.de/10015005899

Market efficiency and the basis in the European Union Emissions Trading Scheme : New evidence from non linear mean reverting unit root tests

Gregoriou, Andros; Healy, Jerome; Savvides, Nicola - In: Journal of Economic Studies 41 (2014) 4, pp. 615-628

Purpose – The purpose of this paper is to investigate the validity of the cost of carry model by examining the time series properties of the deviation between future and spot prices in the European Union Emissions Trading Scheme (EU-ETS) over the time period 2005-2012. The paper utilizes a...

Persistent link: https://www.econbiz.de/10014864436

Emissions trading and the GATS financial services provisions : A case study of the Australian carbon pricing mechanism

Jane Deane, Felicity - In: Journal of International Trade Law and Policy 13 (2014) 1, pp. 44-66

Purpose – The purpose of this paper is to determine whether greenhouse gas (GHG) tradeable instruments will be classified as financial products within the scope of the World Trade Organization (WTO) law and to explore the implications of this finding. Design/methodology/approach – This...

Persistent link: https://www.econbiz.de/10014879284

Valuing Tradable Private Rights to Pollute the Public's Air

Kosobud, Richard F.; Stokes, Houston H.; Tallarico, Carol D. - In: Review of Accounting and Finance 4 (2005) 1, pp. 50-71

This study develops the economic rationale for the inclusion of new environmental financial assets, tradable pollution rights, in a well‐diversified portfolio. These new assets are generated and their valuation determined in the market‐incentive environmental regulatory approach called...

Persistent link: https://www.econbiz.de/10014989730

Potential anti-competitive effects of emission permit markets – A survey on theoretical findings and evidence

Reichenbach, Johanna; Requate, Till - In: Review of Economics 64 (2013) 3, pp. 271-292

Abstract Emissions trading has been established as an important instrument of pollution control in many world regions. However concerns have been raised whether or not emission-trading schemes may distort competition either on the permit market itself or on related output markets. In this paper...

Persistent link: https://www.econbiz.de/10014619292