Coase Contracts and the Producer's Incentive to Innovate
AbstractThe paper analyzes the dynamic efficiency of the Coase solution to the problem of negative externalities. We demonstrate that with respect to the incentive of the producer to develop or to adopt a superior technology the so-called "symmetry thesis" does not hold for all types of contracts.
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Bibliographic InfoPaper provided by Bergakademie Freiberg, Faculty of Economics and Business Administration in its series Papers with number 98/5.
Length: 17 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: Technical University Bergakademie Freiberg, Faculty of Economics and Business Administration. Gustav-Zeuner-Str.8, D-09596 Freiberg.
Web page: http://tu-freiberg.de/fakult6
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EXTERNALITIES ; CONTRACTS;
Other versions of this item:
- Fritsch, Michael & Wein, Thomas, 1998. "Coase Contracts and the Producer's Incentive to Innovate," Freiberg Working Papers 1998,05, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
- D60 - Microeconomics - - Welfare Economics - - - General
- K30 - Law and Economics - - Other Substantive Areas of Law - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
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