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An economic response to unsolicited communication
Van Alstyne, Marshall; Loder, Thede C.; Walsh, Rick - 2011
underlying problem is first-contact information asymmetry with negative externalities. Uninformed senders waste recipient …
Persistent link: https://www.econbiz.de/10010195139
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The Identity of the Generator in the Problem of Social Cost
Pitchford, Rohan; Snyder, Christopher M. - 2006
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...
Persistent link: https://www.econbiz.de/10014062229
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Chapter 3. Property Rights, Public Goods and the Environment
Starrett, David A. - In: Handbook of environmental economics : volume 1, …, (pp. 97-125). 2003
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
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Does the Prisoner's Dilemma Refute the Coase Theorem?
Guerra-Pujol, F. E.; Martínez-García, Orlando I. - 2014
Two of the most important ideas in economics and law are the “Coase Theorem” and the “Prisoner’s Dilemma.” In this paper, the authors explore the relation between these two influential models through a creative thought-experiment. Specifically, the paper presents a pure Coasean version...
Persistent link: https://www.econbiz.de/10014150285
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The Coase Theorem Tested in China
Schwartz, Pedro - 2020
statist theory of market defects as proclaimed by Pigou. The spectacular progress of the Chinese economy after Mao, as …
Persistent link: https://www.econbiz.de/10012822849
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A Biblical Precedent for the Coase Theorem?
Schein, Andrew - 2006
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...
Persistent link: https://www.econbiz.de/10014057446
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What'd I Say? : Coase, Demsetz and the Unending Externality Debate
McChesney, Fred S. - 2004
government intervention to solve them. Externalities (or "social costs") are viewed as perhaps the greatest market failure … context of Ronald Coase's article on "The Problem of Social Cost." Coase explained that externalities manifested a more … transactions costs is not helpful in resolving questions concerning externalities. Even if transaction costs were zero …
Persistent link: https://www.econbiz.de/10014073711
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Coasean Keep-Away : Voluntary Transaction Costs
Barry, Jordan M.; Hatfield, John William; Kominers, … - 2014
The Coase Theorem predicts that, if there are no transaction costs, parties will always contract their way to an efficient outcome. Thus, no matter which legal rules society chooses, "Coasean bargains" will lead to efficient results. There are always some transaction costs. However, transaction...
Persistent link: https://www.econbiz.de/10014148005
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How to protect entitlements : an experiment
Bar-Gill, Oren; Engel, Christoph - 2017
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011633871
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How to protect entitlements : an experiment
Bar-Gill, Oren; Engel, Christoph - 2017
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011673948