Similar Search Results

Francesconi, Marco; Muthoo, Abhinay - 2021

This paper develops a model of child custody based on an incomplete-contract approach to the allocation of property rights. Because of the presence of transaction costs in marriage, altruistic parents cannot contract upon the investments they make into their children, but can reduce the...

Persistent link: https://www.econbiz.de/10013319778

Politics With(Out) Coase

Luppi, Barbara - 2012

Political markets may be curative of political externalities, yet they are often unviable due to the presence of … bargaining externalities. In this paper we study the extent to which the choice of voting dimensions may affect the viability of … desirable in an ideal world of zero-transaction costs, is almost unavoidably affected by bargaining externalities …

Persistent link: https://www.econbiz.de/10013113867

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

'Unclear' Initial Delineation of Property Boundaries and the Third Coase Theorem

Lai, Lawrence Wai-Chung; Chau, K.W; Lorne, Frank T. - 2015

This interdisciplinary study, which references previous research on the evolution of land law and real world examples of land market operating with unclear property boundaries, demonstrates that Ronald Coase’s argument that delimitation of property rights is a prelude to market transaction...

Persistent link: https://www.econbiz.de/10014135983

A Coasean Analysis of Marketing

Goldman, Eric - 2007

Consumers claim to hate marketing - mostly, because they get too much unwanted marketing. In response, regulators develop medium-by-medium marketing suppression regulations. Unfortunately, these ad hoc solutions do little to satisfy consumers, and dynamic technologies and business practices...

Persistent link: https://www.econbiz.de/10014026942

Resale Markets and the Assignment of Property Rights

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 1995

-dependent externalities to the non-consumers. Resale markets for such goods are analysed in various institutional settings with complete …

Persistent link: https://www.econbiz.de/10005124469

Transaction Costs can Encourage Coasean Bargaining

Robson, Alex - Volkswirtschaftliche Fakultät, … - 2012

When there are three parties, it is well known that the Coase Theorem may not hold even when there are no transaction costs, due to the emptiness of the core of the corresponding cooperative game [Aivazian and Callen (1981)]. We show that the standard Coasean bargaining game involving three...

Persistent link: https://www.econbiz.de/10011107924

Coase versus Pigou : A Still Difficult Debate after Fifty Years

Baffi, Enrico - 2013

This paper examines the positions of Coase and Pigou about the problem of the externalities. From the reading of their …

Persistent link: https://www.econbiz.de/10013072153

Coase and cap-and-trade : evidence on the independence property from the European electricity sector

Zaklan, Aleksandar - 2020 - This version: January 2020

This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector as regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing...

Persistent link: https://www.econbiz.de/10012160829

Coasean method : lessons from the farm

Allen, Douglas Ward - In: Journal of institutional economics 11 (2015) 1, pp. 93-110

Persistent link: https://www.econbiz.de/10011397872