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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
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Chapter 3 Property Law
Lueck, Dean; Miceli, Thomas J. - In: Handbook of law and economics : volume 1, (pp. 183-257). 2007
This chapter examines the economics of property rights and property law. It shows how the economics of property rights can be used to understand fundamental features of property law and related extra-legal institutions. The chapter examines both the rationale for legal doctrine, and the effects...
Persistent link: https://www.econbiz.de/10014023513
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Property Rights and Externalities : The Uneasy Case of Knowledge
Ramello, Giovanni Battista - 2011
attainment of social welfare. In particular, the arguments set forth here concern three distinct externalities that arise when …
Persistent link: https://www.econbiz.de/10014186990
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Transaction Costs Can Encourage Coasean Bargaining
Robson, Alex R. W. - 2013
When there are three parties, instability problems brought about by the emptiness of the core of the corresponding cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that the standard Coasean bargaining game involving...
Persistent link: https://www.econbiz.de/10014165917
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Application of Coase theorem to analyze the welfare gain and loss in a conflict of herders' damage in croppers' land at the Adamawa region of Cameroon
Jaza Folefack, Achille Jean - In: Quarterly journal of international agriculture 53 (2014) 1, pp. 1-24
Persistent link: https://www.econbiz.de/10010347301
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Relational Contracting, Repeated Negotiations, and Hold-Up
Kranz, Sebastian - 2013
relational contracts are repeatedly newly negotiated during relationships. Negotiations take place with positive probability and … money can be transferred. This paper formulates a theory of relational contracting in dynamic games. A crucial feature is … that existing relational contracts can depreciate and ensuing negotiations then treat previous informal agreements as …
Persistent link: https://www.econbiz.de/10013087220
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The Coase theorem : a study in economic epistemology
North, Gary - 1992
Persistent link: https://www.econbiz.de/10000871056
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Internalisierung externer Kosten durch Steuern und Verhandlungen : eine Nachlese
Zimmermann, Klaus W.; Thomas, Tobias - 2007
Bei aller Hysterie, die sich an Begriffen wie Klimakatastrophe festmachen lässt und die aktuell fast schon zu Bestandteilen des Glaubensbekenntnis mutieren, ist es für Ökonomen, die sich mit Umwelt und Umweltgütern beschäftigen, umso wichtiger, nüchtern, abgewogen und rational zu urteilen,...
Persistent link: https://www.econbiz.de/10003482430
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Understanding "The Problem of Social Cost"
Baffi, Enrico - In: Journal of advanced research in law and economics : JARLE 4 (2013) 1, pp. 46-52
Persistent link: https://www.econbiz.de/10010530280
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Externalities : a market model failure
Vatn, Arild - In: Environmental & resource economics : the official … 9 (1997) 2, pp. 135-151
Persistent link: https://www.econbiz.de/10001220167