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Calculation and Equilibrium Problems in the Coase Theorem

Cachanosky, Nicolas - 2014

To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. This article argues that the efficiency calculation a judge undertakes is problematic and that his decision...

Persistent link: https://www.econbiz.de/10013067956

Reconciling Tax Incidence Theories : Refuting the Coase Theorem

Choi, Hak - 2014

This paper reproduces Lerner's (1936) result to reconcile different understanding about tax incidence. It proves that a tax or tariff does not shift any demand, supply or offer curve. It disproves the traditional tax incidence model and the Coase theorem. This paper also corrects Lerner's...

Persistent link: https://www.econbiz.de/10013069008

Coasean Bargaining to Address Environmental Externalities

Libecap, Gary D. - 2016

I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I …

Persistent link: https://www.econbiz.de/10013000533

Have Coase - Will Travel : New Ways to Teach Coase Using Old Media

Murphy, Jon - 2020

Bitter Wine was the 23rd episode of the premiere season of the Emmy-nominated Western, Have Gun - Will Travel. Gun-for-hire Paladin settles an externality issue between a small scale vintner and neighboring oilman a la Coase, but two years before Coase's seminal paper. This 1958 episode acutely...

Persistent link: https://www.econbiz.de/10012843386

The Value/Fact Distinction : Coase's Theorem Unifies Normative and Positive Economics

Tipler, Frank J. - 2007

I show that in a true Coasean world - a world with no transaction costs - there would be no disagreement on moral questions. There would be no disagreement on what the appropriate distribution of income should be. There would be no disagreement on the question of capital punishment or abortion....

Persistent link: https://www.econbiz.de/10012731056

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

Confining the Coase Theorem : Contracting, Ownership, and Free-Riding

Ellingsen, Tore - 2015

If individuals own the right to take any action that they please, and are free to contract about behavior, will outcomes be efficient in all situations? That is, does the Coase theorem hold? We study this classic question through the lens of a non-cooperative model of contract negotiations,...

Persistent link: https://www.econbiz.de/10013012163

Rethinking of Coase Theorem : Externalities and Uncertainty

Kuzmin, Evgeny - 2015

approaches to the theorem interpretation generate conflicts in a perception and identification of externalities. It is a solution … theorem statement has been made clearer; we have also put forward a hypothesis on an origin of the externalities and … utility of impure goods depends on the vector of the externalities, which ultimately determines the stratification in a field …

Persistent link: https://www.econbiz.de/10013013461

The Coase Theorem of Timing of Payment

Choi, Hak - 2015

This paper proves that timing of payment, whether a price is paid ex-ante or ex-post, makes no difference. The equivalence is valid, with or without litigation. However, litigation always gives buyers some advantage, while it inflicts loss to sellers. This paper recommends vendors not to shirk

Persistent link: https://www.econbiz.de/10013013963

Coase and the Platform Economy

Lobel, Orly - 2020

This Chapter analyzes the ways in which digital platforms such as Uber and Airbnb are perfecting the deal and lowering transaction costs. The chapter argues that the three stages of pre-deal, deal-making, and post-deal, 1) search costs; 2) bargaining and decision costs; and 3) policing and...

Persistent link: https://www.econbiz.de/10012853297