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Transaction Costs, Property Rights and Externalities – on the Contribution of R. H. Coase to Economic

Čaplánová, Anetta; Novák, Marcel - In: Politická ekonomie 2015 (2015) 2, pp. 244-257

The paper discusses the contribution of R. H. Coase to economics and his role as a founder of the new institutional economics. Coase also contributed to the establishment of Law and Economics as a discipline, he is the author of the transaction cost theory and of the Coase Theorem. The paper...

Persistent link: https://www.econbiz.de/10011268672

Transakčné náklady, vlastnícke práva a externality - k vedeckému odkazu R. H. Coasea

Čaplánová, Anetta; Novák, Marcel - In: Politická ekonomie : teorie, modelování, aplikace 63 (2015) 2, pp. 244-257

Persistent link: https://www.econbiz.de/10010532050

Externalities — A market model failure

Vatn, Arild; Bromley, Daniel - In: Environmental & Resource Economics 9 (1997) 2, pp. 135-151

We focus here on a set of conceptual problems related to the accepted theory of externalities. We are primarily …. The creation of emissions and the creation of externalities are further not held apart producing flows in the efficiency … market model and the annexed sphere of externalities. We conclude that the accepted policy prescriptions both assume and …

Persistent link: https://www.econbiz.de/10005680988

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

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

Posnerian rhapsody : the role of the Coase theorem in Economic analysis of law

Medema, Steven G. - In: History of economic ideas : HEI 31 (2023) 3, pp. 193-210

Persistent link: https://www.econbiz.de/10014554087

Of coase, cattle, and crime : why the Becker model is compatible with a moral theory of criminal law

Miceli, Thomas J. - 2022

Persistent link: https://www.econbiz.de/10012887194

Of coase, cattle, and crime : why the Becker model is compatible with a moral theory of criminal law

Miceli, Thomas J. - In: Review of law and economics : publ. in cooperation with … 18 (2022) 2, pp. 179-198

Persistent link: https://www.econbiz.de/10013554757

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

Is Posner's Principle of Justice an Adequate Basis for Environmental Law?

Tisdell, Clement A. - School of Economics, University of Queensland - 2009

Posner adopted the economic principle of wealth maximization as a guiding principle for the dispensation of justice. This resulted in his endorsing the Kaldor-Hicks principle (also known as the potential Paretian improvement principle) as a basis for just laws. This article explores whether this...

Persistent link: https://www.econbiz.de/10008558727

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