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What is the Coase Theorem?

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  • Hurwicz, Leonid

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Bibliographic Info

Article provided by Elsevier in its journal Japan and the World Economy.

Volume (Year): 7 (1995)
Issue (Month): 1 (May)
Pages: 49-74

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Handle: RePEc:eee:japwor:v:7:y:1995:i:1:p:49-74

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Web page: http://www.elsevier.com/locate/inca/505557

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References

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  1. Willig, Robert D, 1979. "Consumer's Surplus without Apology: Reply," American Economic Review, American Economic Association, vol. 69(3), pages 469-74, June.
  2. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, October.
  3. Chipman, John S., 1974. "Homothetic preferences and aggregation," Journal of Economic Theory, Elsevier, vol. 8(1), pages 26-38, May.
  4. Veljanovski, Cento G, 1982. "The Coase Theorems and the Economic Theory of Markets and Law," Kyklos, Wiley Blackwell, vol. 35(1), pages 53-74.
  5. Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
  6. Coase, R H, 1981. "The Coase Theorem and the Empty Core: A Comment," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 183-87, April.
  7. Chipman, John S & Moore, James C, 1980. "Compensating Variation, Consumer's Surplus, and Welfare," American Economic Review, American Economic Association, vol. 70(5), pages 933-49, December.
  8. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-97, September.
  9. Hart, Oliver D. & Kuhn, Harold W., 1975. "A proof of the existence of equilibrium without the free disposal assumption," Journal of Mathematical Economics, Elsevier, vol. 2(3), pages 335-343, December.
  10. Otani, Yoshihiko & Sicilian, Joseph, 1977. "Externalities and problems of nonconvexity and overhead costs in welfare economics," Journal of Economic Theory, Elsevier, vol. 14(2), pages 239-251, April.
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Citations

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Cited by:
  1. John P. Conley & Stefani C. Smith, 2004. "Existence and Efficiency of a Price-Taking Equilibrium in an Economy with Public Goods, Externalities and Property Rights: A Coasian Approach," Vanderbilt University Department of Economics Working Papers 0403, Vanderbilt University Department of Economics, revised Jan 2004.
  2. Alex Robson & Stergios Skaperdas, 2008. "Costly enforcement of property rights and the Coase theorem," Economic Theory, Springer, vol. 36(1), pages 109-128, July.
  3. Bohringer, Christoph & Rutherford, Thomas F., 2008. "Combining bottom-up and top-down," Energy Economics, Elsevier, vol. 30(2), pages 574-596, March.
  4. Élodie Bertrand, 2006. "La thèse d'efficience du « théorème de Coase ». Quelle critique de la microéconomie ?," Revue économique, Presses de Sciences-Po, vol. 57(5), pages 983-1007.
  5. John Chipman & Guoqiang Tian, 2012. "Detrimental externalities, pollution rights, and the “Coase theorem”," Economic Theory, Springer, vol. 49(2), pages 309-327, February.
  6. Steven Gjerstad & Jason Shachat, 2003. "The Edgeworth exchange formulation of bargaining models and market experiments," Microeconomics 0304004, EconWPA.
  7. Murty, Sushama, 2010. "Externalities and fundamental nonconvexities: A reconciliation of approaches to general equilibrium externality modeling and implications for decentralization," Journal of Economic Theory, Elsevier, vol. 145(1), pages 331-353, January.
  8. Russell, Thomas, 1995. "Aggregation, heterogeneity, and the Coase invariance theorem," Japan and the World Economy, Elsevier, vol. 7(1), pages 105-111, May.
  9. Conley, John P. & Smith, Stefani C., 2005. "Coasian equilibrium," Journal of Mathematical Economics, Elsevier, vol. 41(6), pages 687-704, September.
  10. Varouj Aivazian & Jeffrey Callen, 2003. "The Core, Transaction Costs, and the Coase Theorem," Constitutional Political Economy, Springer, vol. 14(4), pages 287-299, December.
  11. Richard McKelvey & Talbot Page, 2000. "An Experimental Study of the Effect of Private Information in the Coase Theorem," Experimental Economics, Springer, vol. 3(3), pages 187-213, December.
  12. Graff Zivin, Joshua & Small, Arthur A., 2003. "Risk sharing in Coasean contracts," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 394-415, March.

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