IDEAS home Printed from https://ideas.repec.org/a/aea/jeclit/v58y2020i4p1045-1128.html
   My bibliography  Save this article

The Coase Theorem at Sixty

Author

Listed:
  • Steven G. Medema

Abstract

The Coase theorem is one of the most influential and controversial ideas to emerge from post-World War II economics. This article examines the theorem's origins, diffusion, and the wide variety of uses to which it has been put by economists and others over the sixty years since Coase published "The Problem of Social Cost." Along the way, we explore the ambiguity and controversy surrounding the theorem, develop a Coase theorem that is valid as a proposition in economic logic, and probe the implications of all of this for the use of the Coase theorem going forward.

Suggested Citation

  • Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    • Handle: RePEc:aea:jeclit:v:58:y:2020:i:4:p:1045-1128
    DOI: 10.1257/jel.20191060
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/doi/10.1257/jel.20191060
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/jel.20191060.appx
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/jel.20191060.ds
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    File URL: https://libkey.io/10.1257/jel.20191060?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Krutilla, Kerry & Alexeev, Alexander, 2014. "The Political Transaction Costs and Uncertainties of Establishing Environmental Rights," Ecological Economics, Elsevier, vol. 107(C), pages 299-309.
    2. Shogren, Jason F., 1992. "An experiment on Coasian bargaining over ex ante lotteries and ex post rewards," Journal of Economic Behavior & Organization, Elsevier, vol. 17(1), pages 153-169, January.
    3. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    4. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    5. Armando Gomes & Philippe Jehiel, 2005. "Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies," Journal of Political Economy, University of Chicago Press, vol. 113(3), pages 626-667, June.
    6. Epstein, Richard A, 1993. "Holdouts, Externalities, and the Single Owner: One More Salute to Ronald Coase," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 553-586, April.
    7. Edward Glaeser & Simon Johnson & Andrei Shleifer, 2001. "Coase Versus the Coasians," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(3), pages 853-899.
    8. Stephanie Rosenkranz & Patrick W. Schmitz, 2007. "Can Coasean Bargaining Justify Pigouvian Taxation?," Economica, London School of Economics and Political Science, vol. 74(296), pages 573-585, November.
    9. Oliver Hart & John Moore, 2008. "Contracts as Reference Points," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(1), pages 1-48.
    10. Ronald H. Coase, 2008. "The Institutional Structure of Production," Springer Books, in: Claude Ménard & Mary M. Shirley (ed.), Handbook of New Institutional Economics, chapter 2, pages 31-39, Springer.
    11. Joseph Henrich, 2001. "In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies," American Economic Review, American Economic Association, vol. 91(2), pages 73-78, May.
    12. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 2006. "What Works in Securities Laws?," Journal of Finance, American Finance Association, vol. 61(1), pages 1-32, February.
    13. Frech, H E, III, 1979. "The Extended Coase Theorem and Long Run Equilibrium: The Nonequivalence of Liability Rules and Property Rights," Economic Inquiry, Western Economic Association International, vol. 17(2), pages 254-268, April.
    14. Boyes, William J & Marlow, Michael L, 1996. "The Public Demand for Smoking Bans," Public Choice, Springer, vol. 88(1-2), pages 57-67, July.
    15. Tracy R. Lewis, 1996. "Protecting the Environment When Costs and Benefits Are Privately Known," RAND Journal of Economics, The RAND Corporation, vol. 27(4), pages 819-847, Winter.
    16. Roger B. Myerson, 2008. "Perspectives on Mechanism Design in Economic Theory," American Economic Review, American Economic Association, vol. 98(3), pages 586-603, June.
    17. Sergei Guriev & Anton Kolotilin & Konstantin Sonin, 2011. "Determinants of Nationalization in the Oil Sector: A Theory and Evidence from Panel Data," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 27(2), pages 301-323.
    18. Shapley, Lloyd S & Shubik, Martin, 1969. "On the Core of an Economic System with Externalities," American Economic Review, American Economic Association, vol. 59(4), pages 678-684, Part I Se.
    19. De Bornier, Jean Magnan, 1986. "The Coase theorem and the empty core: A reexamination," International Review of Law and Economics, Elsevier, vol. 6(2), pages 265-271, December.
    20. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
    21. Wiggins, Steven N & Libecap, Gary D, 1985. "Oil Field Unitization: Contractual Failure in the Presence of Imperfect Information," American Economic Review, American Economic Association, vol. 75(3), pages 368-385, June.
    22. Wunder, Sven & Albán, Montserrat, 2008. "Decentralized payments for environmental services: The cases of Pimampiro and PROFAFOR in Ecuador," Ecological Economics, Elsevier, vol. 65(4), pages 685-698, May.
    23. Cheung, Steven N S, 1973. "The Fable of the Bees: An Economic Investigation," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 11-33, April.
    24. Keohane, Robert O., 1982. "The demand for international regimes," International Organization, Cambridge University Press, vol. 36(2), pages 325-355, April.
    25. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    26. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1.
    27. Benjamin C. Alamar & Stanton A. Glantz, 2004. "Smoke‐free Ordinances Increase Restaurant Profit and Value," Contemporary Economic Policy, Western Economic Association International, vol. 22(4), pages 520-525, October.
    28. Miles, Thomas J, 2000. "Common Law Exceptions to Employment at Will and U.S. Labor Markets," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 16(1), pages 74-101, April.
    29. Barbara Luppi & Francesco Parisi, 2011. "Toward an asymmetric Coase theorem," European Journal of Law and Economics, Springer, vol. 31(1), pages 111-122, February.
    30. Christophe Depres & Gilles Grolleau & Naoufel Mzoughi, 2008. "Contracting for Environmental Property Rights: The Case of Vittel," Economica, London School of Economics and Political Science, vol. 75(299), pages 412-434, August.
    31. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2000. "Investor protection and corporate governance," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 3-27.
    32. Hansmann, Henry, 1990. "Why Do Universities Have Endowments?," The Journal of Legal Studies, University of Chicago Press, vol. 19(1), pages 3-42, January.
    33. Hopenhayn, Hugo A & Mitchell, Matthew F, 2001. "Innovation Variety and Patent Breadth," RAND Journal of Economics, The RAND Corporation, vol. 32(1), pages 152-166, Spring.
    34. Giulio Fella & Paola Manzini & Marco Mariotti, 2004. "Does Divorce Law Matter?," Journal of the European Economic Association, MIT Press, vol. 2(4), pages 607-633, June.
    35. Alex Robson, 2014. "Transaction costs can encourage Coasean bargaining," Public Choice, Springer, vol. 160(3), pages 539-549, September.
    36. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
    37. Harrison, Glenn W, et al, 1987. "Coasian Solutions to the Externality Problem in Experimental Marke ts," Economic Journal, Royal Economic Society, vol. 97(386), pages 388-402, June.
    38. Laffont, Jean-Jacques, 1978. "Decentralization with externalities," European Economic Review, Elsevier, vol. 7(4), pages 359-375, May.
    39. Jean‐Charles Rochet & Jean Tirole, 2006. "Two‐sided markets: a progress report," RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 645-667, September.
    40. Jay Pil Choi, 2002. "A Dynamic Analysis of Licensing: The "Boomerang" Effect and Grant-Back Clauses," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(3), pages 203-229, August.
    41. Richard Freeman, 2001. "Single-Peaked versus Diversified Capitalism: The Relation between Economic Institutions and Outcomes," International Economic Association Series, in: Jacques Drèze (ed.), Advances in Macroeconomic Theory, chapter 8, pages 139-170, Palgrave Macmillan.
    42. Peters, H Elizabeth, 1986. "Marriage and Divorce: Informational Constraints and Private Contracting," American Economic Review, American Economic Association, vol. 76(3), pages 437-454, June.
    43. Nahid Aslanbeigui & Steven G. Medema, 1998. "Beyond the Dark Clouds: Pigou and Coase on Social Cost," History of Political Economy, Duke University Press, vol. 30(4), pages 601-625, Winter.
    44. Varouj A. Aivazian & Jeffrey L. Callen & Susan McCracken, 2009. "Experimental Tests of Core Theory and the Coase Theorem: Inefficiency and Cycling," Journal of Law and Economics, University of Chicago Press, vol. 52(4), pages 745-759, November.
    45. Tunçel, Tuba & Hammitt, James K., 2014. "A new meta-analysis on the WTP/WTA disparity," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 175-187.
    46. Robert W. Hahn & Robert N. Stavins, 2011. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 267-294.
    47. Holmstrom, Bengt & Myerson, Roger B, 1983. "Efficient and Durable Decision Rules with Incomplete Information," Econometrica, Econometric Society, vol. 51(6), pages 1799-1819, November.
    48. Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-162, April.
    49. Woodbury, Stephen A & Spiegelman, Robert G, 1987. "Bonuses to Workers and Employers to Reduce Unemployment: Randomized Trials in Illinois," American Economic Review, American Economic Association, vol. 77(4), pages 513-530, September.
    50. Oliver Hart & John Moore, 2005. "On the Design of Hierarchies: Coordination versus Specialization," Journal of Political Economy, University of Chicago Press, vol. 113(4), pages 675-702, August.
    51. Farrell, Joseph, 1987. "Information and the Coase Theorem," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 113-129, Fall.
    52. McKelvey, Richard D. & Page, Talbot, 1999. "Taking the Coase Theorem Seriously," Economics and Philosophy, Cambridge University Press, vol. 15(2), pages 235-247, October.
    53. Prudencio, Yves Coffi, 1985. "On tests of the Coase propositions: A reply," Journal of Environmental Economics and Management, Elsevier, vol. 12(2), pages 193-193, June.
    54. Yu-Bong Lai, 2008. "Auctions or grandfathering: the political economy of tradable emission permits," Public Choice, Springer, vol. 136(1), pages 181-200, July.
    55. A. Andrew John & Rowena A. Pecchenino, 1997. "International and Intergenerational Environmental Externalities," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 371-387, September.
    56. Luca Anderlini & Leonardo Felli, 2006. "Transaction Costs and the Robustness of the Coase Theorem," Economic Journal, Royal Economic Society, vol. 116(508), pages 223-245, January.
    57. Varouj Aivazian & Jeffrey Callen, 2003. "The Core, Transaction Costs, and the Coase Theorem," Constitutional Political Economy, Springer, vol. 14(4), pages 287-299, December.
    58. Anderlini, Luca & Felli, Leonardo, 2001. "Costly Bargaining and Renegotiation," Econometrica, Econometric Society, vol. 69(2), pages 377-411, March.
    59. Allan C. DeSerpa, 1992. "The Pure Economics of the Coase Theorem," Eastern Economic Journal, Eastern Economic Association, vol. 18(3), pages 287-304, Summer.
    60. William A. Fischel, 1978. "A Property Rights Approach to Municipal Zoning," Land Economics, University of Wisconsin Press, vol. 54(1), pages 64-81.
    61. Margo, Robert A., 1992. "Comments on Hanes, Kantor, and Owen," The Journal of Economic History, Cambridge University Press, vol. 52(2), pages 464-468, June.
    62. Patrick Schmitz, 2001. "The Coase Theorem, Private Information, and the Benefits of Not Assigning Property Rights," European Journal of Law and Economics, Springer, vol. 11(1), pages 23-28, January.
    63. Alex Robson, 2012. "Law and Markets," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-35494-4, December.
    64. Peter Bernholz, 2012. "From The Calculus of Consent to extended logrolling, negative externalities, and the Coase theorem," Public Choice, Springer, vol. 152(3), pages 265-271, September.
    65. Gómez-Baggethun, Erik & de Groot, Rudolf & Lomas, Pedro L. & Montes, Carlos, 2010. "The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes," Ecological Economics, Elsevier, vol. 69(6), pages 1209-1218, April.
    66. Djankov, Simeon & Glaeser, Edward & La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2003. "The new comparative economics," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 595-619, December.
    67. Ryngaert, Michael & Scholten, Ralph, 2010. "Have changing takeover defense rules and strategies entrenched management and damaged shareholders? The case of defeated takeover bids," Journal of Corporate Finance, Elsevier, vol. 16(1), pages 16-37, February.
    68. Oliver E. Williamson, 2005. "The Economics of Governance," American Economic Review, American Economic Association, vol. 95(2), pages 1-18, May.
    69. Tomislav Vukina, 2003. "The Relationship between Contracting and Livestock Waste Pollution," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 66-88.
    70. Baumol, William J, 1972. "On Taxation and the Control of Externalities," American Economic Review, American Economic Association, vol. 62(3), pages 307-322, June.
    71. Palfrey, Thomas R & Srivastava, Sanjay, 1989. "Mechanism Design with Incomplete Information: A Solution to the Implementation Problem," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 668-691, June.
    72. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    73. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    74. Hammond, Peter J, 1990. "Theoretical Progress in Public Economics: A Provocative Assessment," Oxford Economic Papers, Oxford University Press, vol. 42(1), pages 6-33, January.
    75. Russell, Thomas, 1995. "Aggregation, heterogeneity, and the Coase invariance theorem," Japan and the World Economy, Elsevier, vol. 7(1), pages 105-111, May.
    76. Daron Acemoglu & James A. Robinson, 2001. "A Theory of Political Transitions," American Economic Review, American Economic Association, vol. 91(4), pages 938-963, September.
    77. Ricardo Caballero & Mohamad Hammour, 2001. "Institutions, Restructuring and Macroeconomic Performance," International Economic Association Series, in: Jacques Drèze (ed.), Advances in Macroeconomic Theory, chapter 9, pages 171-193, Palgrave Macmillan.
    78. Claude Ménard & Elodie Bertrand, 2016. "The Elgar Companion to Ronald H. Coase," Post-Print hal-01315549, HAL.
    79. Reder, Melvin W, 1982. "Chicago Economics: Permanence and Change," Journal of Economic Literature, American Economic Association, vol. 20(1), pages 1-38, March.
    80. repec:bla:jpbect:v:1:y:1999:i:2:p:225-45 is not listed on IDEAS
    81. Fort, Rodney & Maxcy, Joel & Diehl, Mark, 2016. "Uncertainty by regulation: Rottenberg׳s invariance principle," Research in Economics, Elsevier, vol. 70(3), pages 454-467.
    82. Peck, Jamie, 2012. "Constructions of Neoliberal Reason," OUP Catalogue, Oxford University Press, number 9780199662081.
    83. Shogren, Jason F., 1998. "Coasean bargaining with symmetric delay costs," Resource and Energy Economics, Elsevier, vol. 20(4), pages 309-326, December.
    84. Simon Rottenberg, 1956. "The Baseball Players' Labor Market," Journal of Political Economy, University of Chicago Press, vol. 64(3), pages 242-242.
    85. Starrett, David A., 2003. "Property rights, public goods and the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 3, pages 97-125, Elsevier.
    86. Philippe Jehiel & Benny Moldovanu, 1999. "Resale Markets and the Assignment of Property Rights," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(4), pages 971-991.
    87. Aivazian, Varouj A & Callen, Jeffrey L, 1980. "Uncertain Externalities, Liability Rules, and Resource Allocation: Comment," American Economic Review, American Economic Association, vol. 70(5), pages 1058-1059, December.
    88. Alessandra Voena, 2015. "Yours, Mine, and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples?," American Economic Review, American Economic Association, vol. 105(8), pages 2295-2332, August.
    89. Reibstein, Rick, 2010. "Nicholas Ashford and Charles Caldart , Environmental law, policy and economics: Reclaiming the environmental agenda, Massachusetts Institute of Technology Press, Cambridge (2008)," Ecological Economics, Elsevier, vol. 69(5), pages 1189-1190, March.
    90. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    91. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    92. Kirsten Foss & Nicolai J. Foss, 2005. "Resources and transaction costs: how property rights economics furthers the resource‐based view," Strategic Management Journal, Wiley Blackwell, vol. 26(6), pages 541-553, June.
    93. Cole, Shawn, 2005. "Capitalism and Freedom: Manumissions and the Slave Market in Louisiana, 1725–1820," The Journal of Economic History, Cambridge University Press, vol. 65(4), pages 1008-1027, December.
    94. Stigler, George J, 1992. "Law or Economics?," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 455-468, October.
    95. George J. Mailath & Andrew Postlewaite, 1990. "Asymmetric Information Bargaining Problems with Many Agents," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 351-367.
    96. Ming-Jen Lin & Chia-Chi Chang, 2011. "Testing Coase theorem: the case of free agency in NBA," Applied Economics, Taylor & Francis Journals, vol. 43(20), pages 2545-2558.
    97. Ma, Chunbo & Stern, David I., 2006. "Environmental and ecological economics: A citation analysis," Ecological Economics, Elsevier, vol. 58(3), pages 491-506, June.
    98. Andrei Shleifer & Robert Vishny, 2011. "Fire Sales in Finance and Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 29-48, Winter.
    99. Worcester, Dean A, Jr, 1972. "A Note on "The Postwar Literature on Externalities: An Interpretive Essay."," Journal of Economic Literature, American Economic Association, vol. 10(1), pages 57-59, March.
    100. Ehrlich, Isaac & Lui, Francis T, 1991. "Intergenerational Trade, Longevity, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 1029-1059, October.
    101. repec:bla:scandj:v:94:y:1992:i:1:p:19-31 is not listed on IDEAS
    102. Bernholz, Peter, 1997. "Property rights, contracts, cyclical social preferences and the Coase theorem: A synthesis," European Journal of Political Economy, Elsevier, vol. 13(3), pages 419-442, September.
    103. Myerson, Roger B. & Satterthwaite, Mark A., 1983. "Efficient mechanisms for bilateral trading," Journal of Economic Theory, Elsevier, vol. 29(2), pages 265-281, April.
    104. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    105. Gerlagh, Reyer & Keyzer, Michiel A., 2001. "Sustainability and the intergenerational distribution of natural resource entitlements," Journal of Public Economics, Elsevier, vol. 79(2), pages 315-341, February.
    106. Matthew O. Jackson & Simon Wilkie, 2005. "Endogenous Games and Mechanisms: Side Payments Among Players," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(2), pages 543-566.
    107. Jack Hirshleifer, 1973. "Exchange Theory- The Missing Chapter," UCLA Economics Working Papers 035, UCLA Department of Economics.
    108. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    109. Easterbrook, Frank H & Fischel, Daniel R, 1993. "Contract and Fiduciary Duty," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 425-451, April.
    110. Krutilla, Kerry & Krause, Rachel, 2011. "Transaction Costs and Environmental Policy: An Assessment Framework and Literature Review," International Review of Environmental and Resource Economics, now publishers, vol. 4(3–4), pages 261-354, April.
    111. Rose, Adam & Stevens, Brandt, 1993. "The efficiency and equity of marketable permits for CO2 emissions," Resource and Energy Economics, Elsevier, vol. 15(1), pages 117-146, March.
    112. Becker, Gary S & Landes, Elisabeth M & Michael, Robert T, 1977. "An Economic Analysis of Marital Instability," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1141-1187, December.
    113. Maurice Schiff, 1995. "Uncertain Property Rights and the Coase Theorem," Rationality and Society, , vol. 7(3), pages 321-327, July.
    114. Charles R. Plott & Kathryn Zeiler, 2005. "The Willingness to Pay–Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations," American Economic Review, American Economic Association, vol. 95(3), pages 530-545, June.
    115. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    116. Landes, William M, 1992. "Copyright Protection of Letters, Diaries, and Other Unpublished Works: An Economic Approach," The Journal of Legal Studies, University of Chicago Press, vol. 21(1), pages 79-113, January.
    117. Marchand, James R & Russell, Keith P, 1973. "Externalities, Liability, Separability, and Resource Allocation," American Economic Review, American Economic Association, vol. 63(4), pages 611-620, September.
    118. Gowdy, John M. & McDaniel, Carl N., 1995. "One world, one experiment: addressing the biodiversity--economics conflict," Ecological Economics, Elsevier, vol. 15(3), pages 181-192, December.
    119. Richard S. Grossman & Masami Imai, 2013. "Contingent capital and bank risk-taking among British banks before the First World War," Economic History Review, Economic History Society, vol. 66(1), pages 132-155, February.
    120. Regan, Donald H, 1972. "The Problem of Social Cost Revisited," Journal of Law and Economics, University of Chicago Press, vol. 15(2), pages 427-437, October.
    121. Yair Listokin, 2009. "What Do Corporate Default Rules and Menus Do? An Empirical Examination," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 6(2), pages 279-308, June.
    122. Alfred Entires & Bianca Rundshagen, 2008. "A note on Coasean dynamics," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 9(1), pages 57-66, March.
    123. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2006. "Bank supervision and corruption in lending," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2131-2163, November.
    124. Dixit, Avinash & Olson, Mancur, 2000. "Does voluntary participation undermine the Coase Theorem?," Journal of Public Economics, Elsevier, vol. 76(3), pages 309-335, June.
    125. Dick, Daniel T., 1976. "The voluntary approach to externality problems: A survey of the critics," Journal of Environmental Economics and Management, Elsevier, vol. 2(3), pages 185-195, February.
    126. Maeda, Akira, 2003. "The Emergence of Market Power in Emission Rights Markets: The Role of Initial Permit Distribution," Journal of Regulatory Economics, Springer, vol. 24(3), pages 293-314, November.
    127. Pierre-Andre CHIAPPORI & Murat IYIGUN & Yoram WEISS, 2015. "The Becker-Coase Theorem Reconsidered," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 81(2), pages 157-177, June.
    128. Mishan, E J, 1971. "The Postwar Literature on Externalities: An Interpretative Essay," Journal of Economic Literature, American Economic Association, vol. 9(1), pages 1-28, March.
    129. John Vrooman, 2000. "The Economics of American Sports Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(4), pages 364-398, September.
    130. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    131. Alex Robson & Stergios Skaperdas, 2008. "Costly enforcement of property rights and the Coase theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(1), pages 109-128, July.
    132. Y. K. Ng, 1971. "Recent Developments in the Theory of Externality and the Pigovian Solution," The Economic Record, The Economic Society of Australia, vol. 47(2), pages 169-185, June.
    133. Daly, George & Giertz, J Fred, 1975. "Externalities, Extortion, and Efficiency," American Economic Review, American Economic Association, vol. 65(5), pages 997-1001, December.
    134. Epstein, Gil S & Nitzan, Shmuel, 2002. "Asymmetry and Corrective Public Policy in Contests," Public Choice, Springer, vol. 113(1-2), pages 231-240, October.
    135. Betsey Stevenson & Justin Wolfers, 2006. "Bargaining in the Shadow of the Law: Divorce Laws and Family Distress," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(1), pages 267-288.
    136. Kessler, Daniel P. & Rubinfeld, Daniel L., 2007. "Empirical Study of the Civil Justice System," Handbook of Law and Economics, in: A. Mitchell Polinsky & Steven Shavell (ed.), Handbook of Law and Economics, edition 1, volume 1, chapter 5, pages 343-402, Elsevier.
    137. W. Mark Crain & David Saurman & Robert D. Tollison, 1978. "The Coase Theorem and Quasi-Rents: Correcting the Record," Public Finance Review, , vol. 6(2), pages 259-262, April.
    138. Miceli, Thomas J. & Segerson, Kathleen, 2007. "The Economics of Eminent Domain: Private Property, Public Use, and Just Compensation," Foundations and Trends(R) in Microeconomics, now publishers, vol. 3(4), pages 275-329, July.
    139. Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 143-143.
    140. repec:cup:jdemec:v:81:y:2015:i:02:p:157-177_00 is not listed on IDEAS
    141. Otto A. Davis & Andrew Whinston, 1962. "Externalities, Welfare, and the Theory of Games," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 241-241.
    142. Donald Cymrot & James Dunlevy & William Even, 2001. "'Who's on first': an empirical test of the Coase Theorem in baseball," Applied Economics, Taylor & Francis Journals, vol. 33(5), pages 593-603.
    143. Volker Beckmann & Justus Wesseler, 2007. "Spatial Dimension of Externalities and the Coase Theorem: Implications for Co-existence of Transgenic Crops," Springer Books, in: Wim Heijman (ed.), Regional Externalities, chapter 11, pages 223-242, Springer.
    144. Joshua M. Duke & Ryan P. Jost, 2003. "Promoting Mediation in Property Rights Conflicts," Land Economics, University of Wisconsin Press, vol. 79(1), pages 29-37.
    145. Joseph E. Stiglitz, 2000. "The Contributions of the Economics of Information to Twentieth Century Economics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1441-1478.
    146. Richard McKelvey & Talbot Page, 2000. "An Experimental Study of the Effect of Private Information in the Coase Theorem," Experimental Economics, Springer;Economic Science Association, vol. 3(3), pages 187-213, December.
    147. Dam, Kenneth W, 1995. "Some Economic Considerations in the Intellectual Property Protection of Software," The Journal of Legal Studies, University of Chicago Press, vol. 24(2), pages 321-377, June.
    148. Jeremy R. Groves & Eric Helland, 2002. "Zoning and the Distribution of Location Rents: An Empirical Analysis of Harris County, Texas," Land Economics, University of Wisconsin Press, vol. 78(1), pages 28-44.
    149. Georg Zachmann & Anta Ndoye & Jan Abrell, 2011. "Assessing the impact of the EU ETS using firm level data," Working Papers 579, Bruegel.
    150. Miceli, Thomas J & Sirmans, C F, 2000. "Partition of Real Estate; or, Breaking Up Is (Not) Hard to Do," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 783-796, June.
    151. Ronald H. Coase, 2000. "The new institutional economics," Chapters, in: Claude Ménard (ed.), Institutions, Contracts and Organizations, chapter 1, Edward Elgar Publishing.
    152. Mervyn King, 2004. "The Institutions of Monetary Policy," NBER Working Papers 10400, National Bureau of Economic Research, Inc.
    153. Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 521-549, October.
    154. Bergstrom, Ted, 2017. "When was Coase right?," University of California at Santa Barbara, Economics Working Paper Series qt6136k9kh, Department of Economics, UC Santa Barbara.
    155. Johnson, David B, 1973. "Meade, Bees and Externalities," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 35-52, April.
    156. Holt, Charles A. & Johnson, Cathleen & Mallow, Courtney & Sullivan, Sean P., 2010. "Tragedy of the common canal," MPRA Paper 20838, University Library of Munich, Germany.
    157. Daly, George, 1974. "The Coase Theorem: Assumptions, Applications and Ambiguities," Economic Inquiry, Western Economic Association International, vol. 12(2), pages 203-213, June.
    158. Coase, R. H., 1990. "The Firm, the Market, and the Law," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226111018.
    159. John A. List, 2003. "Does Market Experience Eliminate Market Anomalies?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 41-71.
    160. Richard A. Posner, 2011. "Keynes and Coase," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 31-40.
    161. Tore Ellingsen & Elena Paltseva, 2016. "Confining the Coase Theorem: Contracting, Ownership, and Free-Riding," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(2), pages 547-586.
    162. William M. Landes, 1974. "An Economic Analysis of the Courts," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 164-214, National Bureau of Economic Research, Inc.
    163. Fama, Eugene F, 1978. "The Effects of a Firm's Investment and Financing Decisions on the Welfare of Its Security Holders," American Economic Review, American Economic Association, vol. 68(3), pages 272-284, June.
    164. Baliga, Sandeep & Maskin, Eric, 2003. "Mechanism design for the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 7, pages 305-324, Elsevier.
    165. Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
    166. Schwab, Stewart, 1988. "A Coasean Experiment on Contract Presumptions," The Journal of Legal Studies, University of Chicago Press, vol. 17(2), pages 237-268, June.
    167. J. Rothenberg, 1970. "The Economics of Congestion and Pollution: An Integrated View," Working papers 49, Massachusetts Institute of Technology (MIT), Department of Economics.
    168. Harris Milton & Townsend, Robert M, 1981. "Resource Allocation under Asymmetric Information," Econometrica, Econometric Society, vol. 49(1), pages 33-64, January.
    169. Cooter, Robert D., 1980. "How the law circumvents Starrett's nonconvexity," Journal of Economic Theory, Elsevier, vol. 22(3), pages 499-504, June.
    170. Alamar, B C & Glantz, Stanton A. Ph.D., 2004. "Smoke-free ordinances increase restaurant profit and value," University of California at San Francisco, Center for Tobacco Control Research and Education qt91w950j4, Center for Tobacco Control Research and Education, UC San Francisco.
    171. Jung, Chulho & Krutilla, Kerry & Kip Viscusi, W. & Boyd, Roy, 1995. "The coase theorem in rent-seeking society," International Review of Law and Economics, Elsevier, vol. 15(3), pages 259-268, September.
    172. Hoffman, Elizabeth & Spitzer, Matthew L, 1982. "The Coase Theorem: Some Experimental Tests," Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
    173. Ramseyer, J Mark, 1991. "Indentured Prostitution in Imperial Japan: Credible Commitments in the Commercial Sex Industry," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(1), pages 89-116, Spring.
    174. Coase, R H, 1993. "Law and Economics at Chicago," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 239-254, April.
    175. DeSerpa, Allan C, 1993. "Pigou and Coase in Retrospect," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 17(1), pages 27-50, March.
    176. Lulfesmann, Christoph, 2002. "Central governance or subsidiarity: A property-rights approach to federalism," European Economic Review, Elsevier, vol. 46(8), pages 1379-1397, September.
    177. Antonio Rangel, 2003. "Forward and Backward Intergenerational Goods: Why Is Social Security Good for the Environment?," American Economic Review, American Economic Association, vol. 93(3), pages 813-834, June.
    178. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    179. Peter Klibanoff & Jonathan Morduch, 1995. "Decentralization, Externalities, and Efficiency," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(2), pages 223-247.
    180. McCloskey, Donald N., 1991. "The Prudent Peasant: New Findings on Open Fields," The Journal of Economic History, Cambridge University Press, vol. 51(2), pages 343-355, June.
    181. Coase, R H, 1996. "Law and Economics and A. W. Brian Simpson," The Journal of Legal Studies, University of Chicago Press, vol. 25(1), pages 103-119, January.
    182. Zelder, Martin, 1993. "Inefficient Dissolutions as a Consequence of Public Goods: The Case of No-Fault Divorce," The Journal of Legal Studies, University of Chicago Press, vol. 22(2), pages 503-520, June.
    183. Lester G. Telser, 1994. "The Usefulness of Core Theory in Economics," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 151-164, Spring.
    184. Edward Freeman, R. & Evan, William M., 1990. "Corporate governance: A stakeholder interpretation," Journal of Behavioral Economics, Elsevier, vol. 19(4), pages 337-359.
    185. Nicholas A. Ashford & Charles C. Caldart, 2008. "Environmental Law, Policy, and Economics: Reclaiming the Environmental Agenda," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012383, April.
    186. Cooper, Richard N., 1995. "The Coase Theorem and international economic relations," Japan and the World Economy, Elsevier, vol. 7(1), pages 29-44, May.
    187. Toke Aidt, 1997. "Cooperative lobbying and endogenous trade policy," Public Choice, Springer, vol. 93(3), pages 455-475, December.
    188. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, October.
    189. Acemoglu, Daron, 2003. "Why not a political Coase theorem? Social conflict, commitment, and politics," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 620-652, December.
    190. Hovenkamp, Herbert, 1991. "Legal Policy and the Endowment Effect," The Journal of Legal Studies, University of Chicago Press, vol. 20(2), pages 225-247, June.
    191. Ippolito, Richard A, 2003. "The Impact of the Minimum Wage If Workers Can Adjust Effort," Journal of Law and Economics, University of Chicago Press, vol. 46(1), pages 207-227, April.
    192. Clements, Tom & John, Ashish & Nielsen, Karen & An, Dara & Tan, Setha & Milner-Gulland, E.J., 2010. "Payments for biodiversity conservation in the context of weak institutions: Comparison of three programs from Cambodia," Ecological Economics, Elsevier, vol. 69(6), pages 1283-1291, April.
    193. Steven G Medema, 0. "Embracing at arm’s length: Ronald Coase’s uneasy relationship with the Chicago school," Oxford Economic Papers, Oxford University Press, vol. 72(4), pages 1072-1090.
    194. 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 183-187, April.
    195. Norbert Schulz & Francesco Parisi & Ben Depoorter, 2002. "Fragmentation in Property: Towards a General Model," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(4), pages 594-613, December.
    196. Ernst Fehr & Oliver Hart & Christian Zehnder, 2011. "Contracts as Reference Points--Experimental Evidence," American Economic Review, American Economic Association, vol. 101(2), pages 493-525, April.
    197. Thomas W. Merrill & Henry E. Smith, 2011. "Making Coasean Property More Coasean," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 77-104.
    198. Oliver Hart, 2009. "Hold-up, Asset Ownership, and Reference Points," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(1), pages 267-300.
    199. Harold Demsetz, 1968. "The Cost of Transacting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 33-53.
    200. Chiappori, Pierre-Andre, 2010. "Testable implications of transferable utility," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1302-1317, May.
    201. Bhaskar Vira, 1997. "The Political Coase Theorem: Identifying Differences between Neoclassical and Critical Institutionalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(3), pages 761-780, September.
    202. Harrison, Glenn W & McKee, Michael, 1985. "Experimental Evaluation of the Coase Theorem," Journal of Law and Economics, University of Chicago Press, vol. 28(3), pages 653-670, October.
    203. Sergei Guriev & Konstantin Sonin & Anton Kolotilin, 2007. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," Working Papers w0115, Center for Economic and Financial Research (CEFIR).
    204. Pitchford, Rohan & Snyder, Christopher M., 2007. "The identity of the generator in the problem of social cost," Journal of Environmental Economics and Management, Elsevier, vol. 54(1), pages 49-67, July.
    205. Engel, Stefanie & Pagiola, Stefano & Wunder, Sven, 2008. "Designing payments for environmental services in theory and practice: An overview of the issues," Ecological Economics, Elsevier, vol. 65(4), pages 663-674, May.
    206. Leora Friedberg, 1998. "Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data," NBER Working Papers 6398, National Bureau of Economic Research, Inc.
    207. Conley, John P. & Smith, Stefani C., 2005. "Coasian equilibrium," Journal of Mathematical Economics, Elsevier, vol. 41(6), pages 687-704, September.
    208. Oliver Hart & Bengt Holmstrom, 2010. "A Theory of Firm Scope," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 483-513.
    209. Illing, Gerhard, 1992. "Private Information as Transaction Costs: The Coase Theorem Revisited," Munich Reprints in Economics 19522, University of Munich, Department of Economics.
    210. 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.
    211. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996. "A Theory of Privatisation," Economic Journal, Royal Economic Society, vol. 106(435), pages 309-319, March.
    212. Tacconi, Luca, 2012. "Redefining payments for environmental services," Ecological Economics, Elsevier, vol. 73(C), pages 29-36.
    213. Galiani, Sebastian & Torrens, Gustavo & Yanguas, Maria Lucia, 2014. "The Political Coase Theorem: Experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 17-38.
    214. Asquith, Nigel M. & Vargas, Maria Teresa & Wunder, Sven, 2008. "Selling two environmental services: In-kind payments for bird habitat and watershed protection in Los Negros, Bolivia," Ecological Economics, Elsevier, vol. 65(4), pages 675-684, May.
    215. Alchian, Armen A. & Demsetz, Harold, 1973. "The Property Right Paradigm," The Journal of Economic History, Cambridge University Press, vol. 33(1), pages 16-27, March.
    216. Ernst Fehr & Oliver Hart & Christian Zehnder, 2008. "Contracts as reference points � experimental evidence," IEW - Working Papers 393, Institute for Empirical Research in Economics - University of Zurich.
    217. Todd Cherry & Jason Shogren, 2005. "Costly Coasean Bargaining and Property Right Security," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(3), pages 349-367, July.
    218. McMillen Daniel P. & McDonald John F., 1993. "Could Zoning Have Increased Land Values in Chicago?," Journal of Urban Economics, Elsevier, vol. 33(2), pages 167-188, March.
    219. Medema, Steven G., 1999. "Symposium on the Coase Theorem: Legal Fiction: The Place of the Coase Theorem in Law and Economics," Economics and Philosophy, Cambridge University Press, vol. 15(2), pages 209-233, October.
    220. Vatn, Arild, 2010. "An institutional analysis of payments for environmental services," Ecological Economics, Elsevier, vol. 69(6), pages 1245-1252, April.
    221. Aurélien Portuese, 2012. "Law and economics of the European multilingualism," European Journal of Law and Economics, Springer, vol. 34(2), pages 279-325, October.
    222. Leonid Hurwicz, 1999. "Revisiting Externalities," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(2), pages 225-245, April.
    223. Parisi, Francesco, 2003. "Political Coase Theorem," Public Choice, Springer, vol. 115(1-2), pages 1-36, April.
    224. Stavins, Robert N., 1997. "Policy Instruments for Climate Change: How Can National Governments Address a Global Problem?," Discussion Papers 10757, Resources for the Future.
    225. González, Libertad & Viitanen, Tarja K., 2009. "The effect of divorce laws on divorce rates in Europe," European Economic Review, Elsevier, vol. 53(2), pages 127-138, February.
    226. Witt, Ulrich, 1996. "Innovations, Externalities and the Problem of Economic Progress," Public Choice, Springer, vol. 89(1-2), pages 113-130, October.
    227. Clark, Simon, 1999. "Law, Property, and Marital Dissolution," Economic Journal, Royal Economic Society, vol. 109(454), pages 41-54, March.
    228. Lehn, Kenneth, 1982. "Property Rights, Risk Sharing, and Player Disability in Major League Baseball," Journal of Law and Economics, University of Chicago Press, vol. 25(2), pages 343-366, October.
    229. Timothy J. Brennan, 2008. "Bundled Rebates As Exclusion Rather Than Predation," Journal of Competition Law and Economics, Oxford University Press, vol. 4(2), pages 335-374.
    230. Mark I. Weinstein, 2003. "Share Price Changes and the Arrival of Limited Liability in California," The Journal of Legal Studies, University of Chicago Press, vol. 32(1), pages 1-25, January.
    231. Shapiro, David L., 1974. "A note on rent and the Coase theorem," Journal of Economic Theory, Elsevier, vol. 7(1), pages 125-128, January.
    232. H.E. Frech III, 1973. "Pricing of Pollution: The Coase Theorem in the Long Run," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 316-319, Spring.
    233. Mark Blaug, 2007. "The Fundamental Theorems of Modern Welfare Economics, Historically Contemplated," History of Political Economy, Duke University Press, vol. 39(2), pages 185-207, Summer.
    234. Gruber, Jonathan, 1994. "The Incidence of Mandated Maternity Benefits," American Economic Review, American Economic Association, vol. 84(3), pages 622-641, June.
    235. Klaes, Matthias, 2000. "The History of the Concept of Transaction Costs: Neglected Aspects," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(2), pages 191-216, June.
    236. Endres, Alfred, 1977. "Nonseparability and the voluntary approach to externality problems," Journal of Environmental Economics and Management, Elsevier, vol. 4(3), pages 209-213, September.
    237. Butler, Richard J & Worrall, John D, 1983. "Workers' Compensation: Benefit and Injury Claims Rates in the Seventies," The Review of Economics and Statistics, MIT Press, vol. 65(4), pages 580-589, November.
    238. Samuelson, William & Zeckhauser, Richard, 1988. "Status Quo Bias in Decision Making," Journal of Risk and Uncertainty, Springer, vol. 1(1), pages 7-59, March.
    239. Norton, Roger D. & Patrick, Robert H., 1985. "A note on Prudencio's experimental tests of the coase propositions," Journal of Environmental Economics and Management, Elsevier, vol. 12(1), pages 96-100, March.
    240. Toke S. Aidt, 2003. "Economic analysis of corruption: a survey," Economic Journal, Royal Economic Society, vol. 113(491), pages 632-652, November.
    241. Jonathan Klick & Francesco Parisi, 2003. "The Disunity of Unanimity," Constitutional Political Economy, Springer, vol. 14(2), pages 83-94, June.
    242. Besley, Timothy & Coate, Stephen, 1998. "Sources of Inefficiency in a Representative Democracy: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 88(1), pages 139-156, March.
    243. Prudencio, Yves Coffi, 1982. "The voluntary approach to externality problems: An experimental test," Journal of Environmental Economics and Management, Elsevier, vol. 9(3), pages 213-228, September.
    244. Kyle Hyndman & Debraj Ray, 2007. "Coalition Formation with Binding Agreements," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(4), pages 1125-1147.
    245. Charles R. Plott & Kathryn Zeiler, 2007. "Exchange Asymmetries Incorrectly Interpreted as Evidence of Endowment Effect Theory and Prospect Theory?," American Economic Review, American Economic Association, vol. 97(4), pages 1449-1466, September.
    246. E. J. Mishan, 1967. "Pareto Optimality And The Law," Oxford Economic Papers, Oxford University Press, vol. 19(3), pages 255-287.
    247. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1325-1348, December.
    248. Medema, Steven G., 1997. "Comment: The coase theorem, rent seeking, and the forgotten footnote," International Review of Law and Economics, Elsevier, vol. 17(2), pages 177-178, June.
    249. Justin Wolfers, 2006. "Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results," American Economic Review, American Economic Association, vol. 96(5), pages 1802-1820, December.
    250. Kuechle, Graciela & Rios, Diego, 2012. "The Coase theorem reconsidered: The role of alternative activities," International Review of Law and Economics, Elsevier, vol. 32(1), pages 129-134.
    251. Webb, David C, 1991. "An Economic Evaluation of Insolvency Procedures in the United Kingdom: Does the 1986 Insolvency Act Satisfy the Creditors' Bargain?," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 139-157, January.
    252. Steven G. Medema, 2014. "The Curious Treatment of the Coase Theorem in the Environmental Economics Literature, 1960--1979," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 8(1), pages 39-57, January.
    253. Kneese, Allen V, 1971. "Environmental Pollution: Economics and Policy," American Economic Review, American Economic Association, vol. 61(2), pages 153-166, May.
    254. Hoffman, Elizabeth & Spitzer, Matthew L., 1993. "Willingness-To-Pay vs. Willingness-To-Accept: Legal and Economic Implications," ISU General Staff Papers 199301010800001571, Iowa State University, Department of Economics.
    255. Coase, R H, 1974. "The Lighthouse in Economics," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 357-376, October.
    256. Alan J. Meese, 2005. "Market Failure and Non-Standard Contracting: How the Ghost of Perfect Competition Still Haunts Antitrust," Journal of Competition Law and Economics, Oxford University Press, vol. 1(1), pages 21-95.
    257. Medema, Steven G., 2015. "‘A magnificent business prospect . . .’ the Coase theorem, the extortion problem, and the creation of Coase theorem worlds," Journal of Institutional Economics, Cambridge University Press, vol. 11(2), pages 353-378, June.
    258. Johnsen, D Bruce, 1991. "Property Rights to Cartel Rents: The Socony-Vacuum Story," Journal of Law and Economics, University of Chicago Press, vol. 34(1), pages 177-203, April.
    259. Wildasin, David E., 2007. "Pre–Emption: Federal Statutory Intervention in State Taxation," National Tax Journal, National Tax Association;National Tax Journal, vol. 60(3), pages 649-662, September.
    260. Usher, Dan, 1998. "The Coase theorem is tautological, incoherent or wrong," Economics Letters, Elsevier, vol. 61(1), pages 3-11, October.
    261. Andersson, Thomas, 1991. "Government failure -- the cause of global environmental mismanagement," Ecological Economics, Elsevier, vol. 4(3), pages 215-236, December.
    262. Sigve Tjøtta & Kjell Vaage, 2008. "Public transfers and marital dissolution," Journal of Population Economics, Springer;European Society for Population Economics, vol. 21(2), pages 419-437, April.
    263. repec:bla:scotjp:v:47:y:2000:i:4:p:364-98 is not listed on IDEAS
    264. Medema, Steven G., 2014. "1966 And All That: Codification, Consolidation, Creep, And Controversy In The Early History Of The Coase Theorem," Journal of the History of Economic Thought, Cambridge University Press, vol. 36(3), pages 271-303, September.
    265. McKelvey, Richard D. & Page, Talbot, 2002. "Status Quo Bias in Bargaining: An Extension of the Myerson-Satterthwaite Theorem with an Application to the Coase Theorem," Journal of Economic Theory, Elsevier, vol. 107(2), pages 336-355, December.
    266. Friedman, David, 1977. "A Theory of the Size and Shape of Nations," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 59-77, February.
    267. Thomas Miceli & Kathleen Segerson, 2007. "Private Property, Public Use, and Just Compensation: The Economics of Eminent Domain," Working papers 2007-12, University of Connecticut, Department of Economics.
    268. Varian, Hal R, 1994. "A Solution to the Problem of Externalities When Agents Are Well-Informed," American Economic Review, American Economic Association, vol. 84(5), pages 1278-1293, December.
    269. Hojman, David E. & Hiscock, Julia, 2010. "Interpreting suboptimal business outcomes in light of the Coase Theorem: Lessons from Sidmouth International Festival," Tourism Management, Elsevier, vol. 31(2), pages 240-249.
    270. Lee, Jihong & Sabourian, Hamid, 2007. "Coase theorem, complexity and transaction costs," Journal of Economic Theory, Elsevier, vol. 135(1), pages 214-235, July.
    271. Elodie Bertrand, 2006. "The Coasean analysis of lighthouse financing: myths and realities," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 30(3), pages 389-402, May.
    272. Richard A. Posner, 1993. "Ronald Coase and Methodology," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 195-210, Fall.
    273. Price V. Fishback & Shawn Everett Kantor, 2000. "A Prelude to the Welfare State: The Origins of Workers' Compensation," NBER Books, National Bureau of Economic Research, Inc, number fish00-1.
    274. Guzman, Andrew & Simmons, Beth A, 2002. "To Settle or Empanel? An Empirical Analysis of Litigation and Settlement at the World Trade Organization," The Journal of Legal Studies, University of Chicago Press, vol. 31(1), pages 205-235, January.
    275. Allen, Douglas W, 1992. "Marriage and Divorce: Comment," American Economic Review, American Economic Association, vol. 82(3), pages 679-685, June.
    276. Aivazian, Varouj A & Callen, Jeffrey L, 1981. "The Coase Theorem and the Empty Core," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 175-181, April.
    277. Adam Gifford Jr. & Courtenay C. Stone, 1973. "Externalities, Liability And The Coase Theorem:A Mathematical Analysis," Economic Inquiry, Western Economic Association International, vol. 11(3), pages 260-269, September.
    278. Arrow, Kenneth J, 1986. "Rationality of Self and Others in an Economic System," The Journal of Business, University of Chicago Press, vol. 59(4), pages 385-399, October.
    279. Ekkehart Schlicht, 1996. "Exploiting the Coase Mechanism: The Extortion Problem," Kyklos, Wiley Blackwell, vol. 49(3), pages 319-330, August.
    280. Oliver Hart, 2008. "Economica Coase Lecture: Reference Points and the Theory of the Firm," Economica, London School of Economics and Political Science, vol. 75(299), pages 404-411, August.
    281. F. H. Knight, 1924. "Some Fallacies in the Interpretation of Social Cost," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 38(4), pages 582-606.
    282. Halpin, Andrew, 2007. "Disproving The Coase Theorem?," Economics and Philosophy, Cambridge University Press, vol. 23(3), pages 321-341, November.
    283. Rhoads, Thomas A & Shogren, Jason F, 2003. "Regulation through Collaboration: Final Authority and Information Symmetry in Environmental Coasean Bargaining," Journal of Regulatory Economics, Springer, vol. 24(1), pages 63-89, July.
    284. Spencer, Michael A. & Shogren, Jason F., 2000. "Protocol for inexperienced Coasean bargainers confronting delay costs," Resource and Energy Economics, Elsevier, vol. 22(1), pages 79-90, January.
    285. repec:bla:scandj:v:99:y:1997:i:3:p:371-87 is not listed on IDEAS
    286. Mark Sproule Jones & Patricia L. Richards, 1984. "Toward a Theory of the Regulated Environment," Canadian Public Policy, University of Toronto Press, vol. 10(3), pages 305-315, September.
    287. DeSerpa, Allan C., 1994. "Pigou and Coase : A mathematical reconciliation," Journal of Public Economics, Elsevier, vol. 54(2), pages 267-286, June.
    288. Daniel Kaffine & Christopher Worley, 2010. "The Windy Commons?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(2), pages 151-172, October.
    289. Williamson, Oliver E., 1995. "Some uneasiness with the Coase Theorem: Comment," Japan and the World Economy, Elsevier, vol. 7(1), pages 9-11, May.
    290. Greenwood, Peter H & Ingene, Charles A, 1978. "Uncertain Externalities, Liability Rules, and Resource Allocation," American Economic Review, American Economic Association, vol. 68(3), pages 300-310, June.
    291. Schomers, Sarah & Matzdorf, Bettina, 2013. "Payments for ecosystem services: A review and comparison of developing and industrialized countries," Ecosystem Services, Elsevier, vol. 6(C), pages 16-30.
    292. Tyler Cowen, 2004. "A Road Map to Middle Eastern peace? -- A Public Choice Perspective," Public Choice, Springer, vol. 118(1_2), pages 1-10, January.
    293. Greiner, Romy & Cacho, Oscar, 2001. "On the efficient use of a catchment's land and water resources: dryland salinization in Australia," Ecological Economics, Elsevier, vol. 38(3), pages 441-458, September.
    294. John Dunham & Michael Marlow, 2003. "The economic incidence of smoking laws," Applied Economics, Taylor & Francis Journals, vol. 35(18), pages 1935-1942.
    295. Elodie Bertrand, 2006. "The Coasean analysis of lighthouse financing: myths and realities," Post-Print hal-03507599, HAL.
    296. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-123, May.
    297. Brian Lee & Henry Smith, 2012. "The nature of Coasean property," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 59(2), pages 145-155, July.
    298. Rothenberg, Jerome, 1970. "The Economies of Congestion and Pollution: An Integrated View," American Economic Review, American Economic Association, vol. 60(2), pages 114-121, May.
    299. Tietenberg, Tom, 2010. "Cap-and-Trade: The Evolution of an Economic Idea," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 39(3), pages 1-9, October.
    300. Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-149, April.
    301. Tietenberg, Tom, 2010. "Cap-and-Trade: The Evolution of an Economic Idea," Agricultural and Resource Economics Review, Cambridge University Press, vol. 39(3), pages 359-367, October.
    302. Sunstein, Cass R, 1993. "Endogenous Preferences, Environmental Law," The Journal of Legal Studies, University of Chicago Press, vol. 22(2), pages 217-254, June.
    303. Cheung, Steven N S, 1982. "Property Rights in Trade Secrets," Economic Inquiry, Western Economic Association International, vol. 20(1), pages 40-53, January.
    304. Crawford, Vincent P, 1985. "Efficient and Durable Decision Rules: A Reformulation," Econometrica, Econometric Society, vol. 53(4), pages 817-835, July.
    305. Coelho, Philip R P, 1975. "Externalities, Liability, Separability, and Resource Allocation: Comment," American Economic Review, American Economic Association, vol. 65(4), pages 721-723, September.
    306. Rasmusen, Eric, 1998. "The Economics of Desecration: Flag Burning and Related Activities," The Journal of Legal Studies, University of Chicago Press, vol. 27(2), pages 245-269, June.
    307. Gifford, Adam, Jr & Stone, Courtenay C, 1975. "Externalities, Liability, Separability, and Resource Allocation: Comment," American Economic Review, American Economic Association, vol. 65(4), pages 724-727, September.
    308. Robert P. Inman & Daniel L. Rubinfeld, 1997. "Rethinking Federalism," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 43-64, Fall.
    309. Richard A Posner & Francesco Parisi (ed.), 2013. "The Coase Theorem," Books, Edward Elgar Publishing, volume 0, number 14618.
    310. Monnet, Cyril & Roberds, William, 2008. "Optimal pricing of payment services," Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1428-1440, November.
    311. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-647, June.
    312. Richard A. Tybout, 1972. "Pricing Pollution and Other Negative Externalities," Bell Journal of Economics, The RAND Corporation, vol. 3(1), pages 252-266, Spring.
    313. Jeremy Bulow, 2003. "Profiting from Smokers," Southern Economic Journal, John Wiley & Sons, vol. 69(3), pages 736-742, January.
    314. Jason Shogren & Randy Moffett & Michael Margolis, 2002. "Coasean bargaining with nonconvexities," Applied Economics Letters, Taylor & Francis Journals, vol. 9(15), pages 971-977.
    315. Croson, Rachel & Johnston, Jason Scott, 2000. "Experimental Results on Bargaining Under Alternative Property Rights Regimes," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 16(1), pages 50-73, April.
    316. Brinig, Margaret F. & Buckley, F. H., 1998. "No-fault laws and at-fault people," International Review of Law and Economics, Elsevier, vol. 18(3), pages 325-340, September.
    317. Bruce C. Greenwald & Joseph E. Stiglitz, 1986. "Externalities in Economies with Imperfect Information and Incomplete Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(2), pages 229-264.
    318. Andrzej Rapaczynski, 1996. "The Roles of the State and the Market in Establishing Property Rights," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 87-103, Spring.
    319. Richardson, Gary, 2005. "The Prudent Village: Risk Pooling Institutions in Medieval English Agriculture," The Journal of Economic History, Cambridge University Press, vol. 65(2), pages 386-413, June.
    320. Brickley, James A & Misra, Sanjog & Van Horn, R Lawrence, 2006. "Contract Duration: Evidence from Franchising," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 173-196, April.
    321. Robert E. Hall, 2009. "Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor," Journal of Political Economy, University of Chicago Press, vol. 117(2), pages 281-323, April.
    322. Bård Harstad, 2012. "Buy Coal! A Case for Supply-Side Environmental Policy," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 77-115.
    323. Hart, Oliver D., 2009. "Hold-Up, Asset Ownership, and Reference Points," Scholarly Articles 34728601, Harvard University Department of Economics.
    324. Jean-Charles Rochet Author-Email:rochet@cict.fr Author-Workplace-Name: IDEI, University of Toulouse & Jean Tirole Author-Email: tirole@cict.fr Author-Workplace-Name: IDEI, University of Toulouse, 2006. "Two-Sided Markets: A Progress Report," RAND Journal of Economics, The RAND Corporation, vol. 37(3), pages 645-667, Autumn.
    325. Merchand, James R & Russell, Keith P, 1975. "Externalities, Liability, Separability, and Resource Allocation: Reply," American Economic Review, American Economic Association, vol. 65(4), pages 730-732, September.
    326. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(4), pages 995-1025.
    327. Crocker, Thomas D, 1971. "Externalities, Property Rights, and Transactions Costs: An Empirical Study," Journal of Law and Economics, University of Chicago Press, vol. 14(2), pages 451-464, October.
    328. Thaler, Richard, 1980. "Toward a positive theory of consumer choice," Journal of Economic Behavior & Organization, Elsevier, vol. 1(1), pages 39-60, March.
    329. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
    330. John Hamilton & Simon Deakin, 2015. "Russia's Legal Transitions: Marxist Theory, Neoclassical Economics and the Rule of Law," Working Papers wp471, Centre for Business Research, University of Cambridge.
    331. Annette Hofmann & Martin Nell, 2012. "Smoking bans and the secondhand smoking problem: an economic analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 13(3), pages 227-236, June.
    332. Herzel, Leo, 1998. "My 1951 Color Television Article," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 523-527, October.
    333. Smith, Henry E, 2002. "Exclusion versus Governance: Two Strategies for Delineating Property Rights," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 453-487, June.
    334. Bromley, Daniel W., 1989. "Entitlements, missing markets, and environmental uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 17(2), pages 181-194, September.
    335. Jeroen C.J.M. van den Bergh (ed.), 1999. "Handbook of Environmental and Resource Economics," Books, Edward Elgar Publishing, number 801.
    336. Adams Scott & Cotti Chad D., 2007. "The Effect of Smoking Bans on Bars and Restaurants: An Analysis of Changes in Employment," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(1), pages 1-34, February.
    337. Barbara Luppi & Francesco Parisi, 2012. "Politics with(out) Coase," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 59(2), pages 175-187, July.
    338. Fishback, Price V. & Kantor, Shawn Everett, 2000. "A Prelude to the Welfare State," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226251639.
    339. Leeson, Peter T. & Nowrasteh, Alex, 2011. "Was privateering plunder efficient?," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 303-317, August.
    340. Samuelson, Paul, 1995. "Some uneasiness with the Coase Theorem," Japan and the World Economy, Elsevier, vol. 7(1), pages 1-7, May.
    341. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    342. repec:bla:econom:v:54:y:1987:i:216:p:517-20 is not listed on IDEAS
    343. Wallace Oates & William Baumol, 1975. "The Instruments for Environmental Policy," NBER Chapters, in: Economic Analysis of Environmental Problems, pages 95-132, National Bureau of Economic Research, Inc.
    344. Murat Nick & P. Randall Walsh, 2007. "Building the Family Nest: Premarital Investments, Marriage Markets, and Spousal Allocations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(2), pages 507-535.
    345. Shogren, Jason F., 2012. "WAEA Keynote Address Behavioral Environmental Economics: Money Pumps & Nudges," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(3), pages 1-12.
    346. Allen, Douglas W., 2015. "The Coase theorem: coherent, logical, and not disproved," Journal of Institutional Economics, Cambridge University Press, vol. 11(2), pages 379-390, June.
    347. Mervyn King, 2004. "The Institutions of Monetary Policy," American Economic Review, American Economic Association, vol. 94(2), pages 1-13, May.
    348. Shogren, Jason F. & Kask, Susan B., 1992. "Exploring the boundaries of the Coase theorem : Efficiency and rationality given imperfect contract enforcement," Economics Letters, Elsevier, vol. 39(2), pages 155-161, June.
    349. Hovenkamp, Herbert, 1995. "Law and Economics in the United States: A Brief Historical Survey," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(2), pages 331-352, April.
    350. Baumol, William J, 1976. "It Takes Two to Tango, or Sind "Separable Externalities" Vberhaupt Moglich?," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 381-387, April.
    351. Boyd, John III & Conley, John P., 1997. "Fundamental Nonconvexities in Arrovian Markets and a Coasian Solution to the Problem of Externalities," Journal of Economic Theory, Elsevier, vol. 72(2), pages 388-407, February.
    352. George L. Priest, 2010. "The Limits Of Antitrust And The Chicago School Tradition," Journal of Competition Law and Economics, Oxford University Press, vol. 6(1), pages 1-9.
    353. Hurwicz, Leonid, 1995. "What is the Coase Theorem?," Japan and the World Economy, Elsevier, vol. 7(1), pages 49-74, May.
    354. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
    355. Bernholz, Peter, 1999. "The generalized Coase Theorem and separable individual preferences: an extension," European Journal of Political Economy, Elsevier, vol. 15(2), pages 331-335, June.
    356. Maskin, Eric S, 1994. "The Invisible Hand and Externalities," American Economic Review, American Economic Association, vol. 84(2), pages 333-337, May.
    357. Bergstrom, Theodore C, 1989. "A Fresh Look at the Rotten Kid Theorem--and Other Household Mysteries," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1138-1159, October.
    358. ČEnto. Veljanovski, 1977. "The Coase Theorem — The Says Law of Welfare Economics?," The Economic Record, The Economic Society of Australia, vol. 53(4), pages 535-541, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Petra Nieken & Patrick W. Schmitz, 2023. "Contracting under asymmetric information and externalities: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 26(5), pages 989-1021, November.
    2. Müller, Daniel & Schmitz, Patrick W., 2021. "The right to quit work: An efficiency rationale for restricting the freedom of contract," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 653-669.
    3. Baudry, Marc & Faure, Anouk & Quemin, Simon, 2021. "Emissions trading with transaction costs," Journal of Environmental Economics and Management, Elsevier, vol. 108(C).
    4. Riccardo Ghidoni & Anna Lou Abatayo & Valentina Bosetti & Marco Casari & Massimo Tavoni, 2023. "Governing Climate Geoengineering: Side Payments Are Not Enough," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(5), pages 1149-1177.
    5. Carlos Hervés-Beloso & Francisco Martínez-Concha, 2023. "Coasian rights in a cap-and-trade mechanism with damage compensations," European Journal of Law and Economics, Springer, vol. 56(3), pages 425-441, December.
    6. Aivazian, Varouj A. & Callen, Jeffrey L., 2023. "The Coase Theorem and the empty core: Inspecting the entrails after four decades," International Review of Law and Economics, Elsevier, vol. 73(C).
    7. Bonev, Petyo & Emmenegger, Rony & Forero, Laura & Ganev, Kaloyan & Simeonova-Ganeva, Ralitsa & Söderberg, Magnus, 2024. "Nuclear waste in my backyard: Social acceptance and economic incentives," Energy Policy, Elsevier, vol. 185(C).
    8. Friesen, Lana & MacKenzie, Ian A. & Nguyen, Mai Phuong, 2023. "Initially contestable property rights and Coase: Evidence from the lab," Journal of Environmental Economics and Management, Elsevier, vol. 120(C).
    9. Tatyana Deryugina & Frances C. Moore & Richard S.J. Tol, 2020. "Applications of the Coase Theorem," Working Paper Series 0820, Department of Economics, University of Sussex Business School.
    10. Schmitz, Patrick W., 2021. "Optimal ownership of public goods under asymmetric information," Journal of Public Economics, Elsevier, vol. 198(C).
    11. Bingham, Logan Robert, 2021. "Vittel as a model case in PES discourse: Review and critical perspective," Ecosystem Services, Elsevier, vol. 48(C).
    12. Helmut Dietl & Markus Lang & Johannes Orlowski & Philipp Wegelin, 2023. "The Effect of the Initial Distribution of Labor-Related Property Rights on the Allocative Efficiency of Labor Markets," Working Papers 398, University of Zurich, Department of Business Administration (IBW).
    13. Chao Hu & Jianping Tao & Donghao Zhang & Damian Adams, 2021. "Price Signal of Tilled Land in Rural China: An Empirically Oriented Transaction Costs Study Based on Contract Theory," Land, MDPI, vol. 10(8), pages 1-20, August.
    14. Alain‐Désiré Nimubona & Jean‐Christophe Pereau, 2022. "Negotiating over payments for wetland ecosystem services," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(3), pages 1507-1538, August.
    15. Wan, Die & Yang, Teng & Yang, Xiaoguang, 2021. "IPO relative difficulty, M&A option and size effect," Journal of Asian Economics, Elsevier, vol. 76(C).
    16. Bonev, Petyo & Matsumoto, Shigeru, 2022. "An empirical evaluation of environmental Alternative Dispute Resolution methods," Economics Working Paper Series 2208, University of St. Gallen, School of Economics and Political Science.
    17. Kuehn, Daniel, 2021. "James Buchanan, Gordon Tullock, and the “Radically Irresponsible” One Person, One Vote Decisions," OSF Preprints zetq4, Center for Open Science.
    18. Jean-Baptiste Fleury & Alain Marciano, 2022. "Methodological Individualism and the Foundations of the "Law and Economics" movement," Post-Print hal-03820441, HAL.
    19. Depro, Brooks, 2022. "Making introductory economics more relevant: Using personalized connections to introduce environmental economics," International Review of Economics Education, Elsevier, vol. 39(C).
    20. Alain-Désiré Nimubona & Ahmet Ozkardas & Jean-Christophe Pereau, 2023. "Negotiations over the Provision of Multiple Ecosystem Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(2), pages 475-506, February.
    21. Meramveliotakis, Giorgos, 2023. "Reciprocity principle and private property rights in land: Coasean world is neither neoclassical nor capitalist," Land Use Policy, Elsevier, vol. 135(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elodie Bertrand, 2019. "Much ado about nothing? The controversy over the validity of the Coase theorem," Post-Print hal-03479468, HAL.
    2. 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.
    3. Herbert Hovenkamp, 2011. "Coasean markets," European Journal of Law and Economics, Springer, vol. 31(1), pages 63-90, February.
    4. Elodie Bertrand, 2014. "Allowing exchanges over externalities: From ban to obligation [Autorisation à l'échange sur des externalités: De l'interdiction à l'obligation]," Post-Print hal-03507657, HAL.
    5. Oren Bar-Gill & Christoph Engel, 2016. "Bargaining in the Absence of Property Rights: An Experiment," Journal of Law and Economics, University of Chicago Press, vol. 59(2), pages 477-495.
    6. Aivazian, Varouj A. & Callen, Jeffrey L., 2023. "The Coase Theorem and the empty core: Inspecting the entrails after four decades," International Review of Law and Economics, Elsevier, vol. 73(C).
    7. E. Guzzini & A. Palestrini, 2012. "Coase theorem and exchangeable rights in non-cooperative games," European Journal of Law and Economics, Springer, vol. 33(1), pages 83-100, February.
    8. Friesen, Lana & MacKenzie, Ian A. & Nguyen, Mai Phuong, 2023. "Initially contestable property rights and Coase: Evidence from the lab," Journal of Environmental Economics and Management, Elsevier, vol. 120(C).
    9. repec:ebl:ecbull:v:3:y:2007:i:68:p:1-7 is not listed on IDEAS
    10. Alex Robson, 2014. "Transaction costs can encourage Coasean bargaining," Public Choice, Springer, vol. 160(3), pages 539-549, September.
    11. Stéphane Gonzalez & Alain Marciano, 2017. "De nouveaux éclairages sur le théorème de Coase et la vacuité du cœur," Revue d'économie politique, Dalloz, vol. 127(4), pages 579-600.
    12. Maloney, Michael T., 2017. "Alchian remembrances," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 561-582.
    13. Ellingsen, Tore & Paltseva, Elena, 2012. "The private provision of excludable public goods: An inefficiency result," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 658-669.
    14. Alain‐Désiré Nimubona & Jean‐Christophe Pereau, 2022. "Negotiating over payments for wetland ecosystem services," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(3), pages 1507-1538, August.
    15. Hojman, David E. & Hiscock, Julia, 2010. "Interpreting suboptimal business outcomes in light of the Coase Theorem: Lessons from Sidmouth International Festival," Tourism Management, Elsevier, vol. 31(2), pages 240-249.
    16. Piacquadio Paolo G. & Di Bartolomeo Giovanni & Acocella Nicola, 2009. "A simple framework for investigating the properties of policy games," wp.comunite 0059, Department of Communication, University of Teramo.
    17. González-Val, Rafael & Marcén, Miriam, 2009. "Breaks in the Breaks: A Time-Series Analysis of Divorce Rates," MPRA Paper 14851, University Library of Munich, Germany.
    18. Fabian Herweg & Klaus M. Schmidt, 2015. "Loss Aversion and Inefficient Renegotiation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(1), pages 297-332.
    19. Helmut Dietl & Markus Lang & Johannes Orlowski & Philipp Wegelin, 2023. "The Effect of the Initial Distribution of Labor-Related Property Rights on the Allocative Efficiency of Labor Markets," Working Papers 398, University of Zurich, Department of Business Administration (IBW).
    20. Elodie Bertrand, 2011. "What do cattle and bees tell us about the Coase theorem?," European Journal of Law and Economics, Springer, vol. 31(1), pages 39-62, February.
    21. Akee, Randall K. Q., 2006. "Checkerboards and Coase: Transactions Costs and Efficiency in Land Markets," IZA Discussion Papers 2438, Institute of Labor Economics (IZA).

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:jeclit:v:58:y:2020:i:4:p:1045-1128. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.