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The identity of the generator in the problem of social cost
Pitchford, Rohan; Snyder, Christopher M. - In: Journal of environmental economics and management : … 54 (2007) 1, pp. 49-67
Persistent link: https://www.econbiz.de/10003503786
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Coming to the Nuisance : An Economic Analysis from an Incomplete Contracts Perspective
Pitchford, Rohan; Snyder, Christopher M. - 2001
We construct a model in which a first mover decides on its location before it knows the identity of the second mover; joint location results in a negative externality. Contracts are inherently incomplete since the first mover's initial location decision cannot be specified to an anonymous second...
Persistent link: https://www.econbiz.de/10014126383
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The social cost of blockchain : externalities, allocation of property rights, and the role of the law
Martino, Edoardo; Ringe, W. Georg - 2024
article demonstrates that blockchain creates a variety of new externalities, which cannot be addressed by the decentralised …. In addition, more immediate externalities emerge, for example through the operational and legal risks of being part of a …
Persistent link: https://www.econbiz.de/10014528505
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Property Rights, Incomplete Contracts, and Social Harm.
Pitchford, R.; Snyder, C.M. - Research School of Pacific and Asian Studies, College … - 1999
The authors construct a model in which a first mover decides on its location before it knows the identity of the second mover; joint location results in a negative externality. Contracts are inherently incomplete since the first mover's initial decision cannot be specified. The authors analyze...
Persistent link: https://www.econbiz.de/10005663672
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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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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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Confining the Coase Theorem : Contracting, Ownership, and Free-Riding
Ellingsen, Tore - 2015
of a non-cooperative model of contract negotiations, considering both compulsory and voluntary participation in … negotiations. In either case, we find that all consistent equilibria of the contracting game are efficient in the case of two …
Persistent link: https://www.econbiz.de/10013012163
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Coasean Keep-Away : Voluntary Transaction Costs
Barry, Jordan M.; Hatfield, John William; Kominers, … - 2014
may prefer the Coasean bargain that is struck when certain parties are excluded from negotiations. Accordingly, that … costs," including environmental litigation, multilateral treaty negotiations, and creditor-debtor relationships. Because of …
Persistent link: https://www.econbiz.de/10014148005
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Understanding 'The Problem of Social Cost'
Baffi, Enrico - 2014
Persistent link: https://www.econbiz.de/10013064242
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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