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presumes that vertical merger is necessary, without supporting theory or evidence. The same proposition should hold for …
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This paper studies two cases designed by Coase, analyses the effects of legal rules of external damage liability on the costs and resource allocation of the parties at issue, and demonstrates that the Coase Theorem is not tenable even if all its assumptions or conditions hold. The role of...
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The thesis of this article is that jury selection is unique among the components of the litigation process, in that zero negotiation or bargaining occurs between the parties over the substantive or procedural events that unfold – despite the absence of any prohibitions on such negotiation....
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Stigler who gave the theorem its name and introduced it to scores of readers in The Theory of Price (1966). His remaking of …
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, The Theory of Price. Even almost 50 years after the publication of Coase’s original article, the consequence of the …
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transaction costs, externalities, and bilateral monopoly, was either stated or anticipated in Pigou's work. Further, Coase …
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