Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10001128927
The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article. I draw on both the published record and archival resources in an effort to clear away some of the mist and, as it will emerge, dispel some of the...
Persistent link: https://www.econbiz.de/10012590882
This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase ‘converted’ a group of Chicago economists to his way of thinking. Drawing on published and archival sources, we...
Persistent link: https://www.econbiz.de/10014313950
The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on...
Persistent link: https://www.econbiz.de/10014631110
Persistent link: https://www.econbiz.de/10010360943
Persistent link: https://www.econbiz.de/10001600791
Persistent link: https://www.econbiz.de/10000902209
Persistent link: https://www.econbiz.de/10001323682
The Coase theorem tells us that monetary damages and specific performance remedies for breach of contract have identical effects when transaction costs are zero. This has become a standard part of the literature on the economics of contract law. This note argues that the traditional view is...
Persistent link: https://www.econbiz.de/10013114384
Persistent link: https://www.econbiz.de/10013253070