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A Coasean Experiment on Contract Presumptions

Schwab, Stewart J. - 2015

Despite the theoretical importance of the Coase Theorem, scholars have given surprisingly little attention to verifying its predictions empirically. Supporters often accept the theorem as dogma, while armchair critics assail its assumptions. In an exciting series of recent articles, however,...

Persistent link: https://www.econbiz.de/10013009792

Cross-sectoral externalities related to natural resources and ecosystem services

Bellanger, Manuel; Fonner, Robert; Holland, Daniel S.; … - In: Ecological economics : the transdisciplinary journal of … 184 (2021), pp. 1-10

Persistent link: https://www.econbiz.de/10012990166

Coasean Bargaining in Consumer Bankruptcy

Morrison, Edward R. - 2015

During my first weeks as a graduate student in economics, a professor described the Coase Theorem as “nearly a tautology:” Assume a world in which bargaining is costless. If there are gains from trade, the Theorem tells us, the parties will trade. The initial assignment of property rights...

Persistent link: https://www.econbiz.de/10013034159

Costly Institutions as Substitutes : Novelty and Limits of the Coasian Approach

Pagano, Ugo - 2015

One of the main contributions of Ronald H. Coase was to demonstrate how mainstream economics was based on a contradictory amalgam of costly physical inputs and free institutional resources, and to gave origin the economics of institutions: each institution is a mode of allocation and...

Persistent link: https://www.econbiz.de/10013022543

Managerial Authority in the Coasean Firm : An Entrepreneurial Perspective

Foss, Kirsten - 2016

We describe and discuss Ronald Coase's approach to managerial authority, placing it in the broader context of recent economics and management research on intrafirm coordination. To do so, we make use of work by Coase that is relatively little known, namely his writings on opportunity cost...

Persistent link: https://www.econbiz.de/10012999896

Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics

Acemoglu, Daron - 2002

extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the … beliefs and ideologies of their peoples or leaders? Or are inefficiencies in politics and economics the outcome of social and … expense of the society at large. At the center of the theoretical case are the commitment problems inherent in politics …

Persistent link: https://www.econbiz.de/10012469326

On a fallacy in the coase theorem and the theorem of transaction costs substitution

Cheung, Steven Ng-sheong - In: Man and the economy 7 (2020) 2, pp. 1-11

Persistent link: https://www.econbiz.de/10012405993

Coase and transaction costs reconsidered : the case of the English lighthouse system

Candela, Rosolino A.; Geloso, Vincent - In: European journal of law and economics 48 (2019) 3, pp. 331-349

Persistent link: https://www.econbiz.de/10012489177

Payment for Environmental Services : Hypotheses and Evidence

Alston, Lee J. - 2013

The use of Payment for Environmental Services (PES) is not a new type of contract but they have become more in vogue because of the potential for sequestering carbon by paying to prevent deforestation and degradation of forest lands. We provide a framework utilizing transaction costs to...

Persistent link: https://www.econbiz.de/10012459922

The effect of recessions on firms' boundaries

Knudsen, Eirik Sjåholm; Foss, Kirsten - In: Industrial and corporate change 24 (2015) 5, pp. 1081-1108

Persistent link: https://www.econbiz.de/10011429504