The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long
The question of what is the 'Coase Theorem?' has no simple answer. The majority of articles covering a variety of issues on the 'Coase Theorem' still misrepresent the main message of Coase (1960). The remaining controversy over the 'Coase Theorem' is because the literature on Coase (1960) has been locked into a pathway which was set out by Stigler’s 1996 book, The Theory of Price. Even almost 50 years after the publication of Coase’s original article, the consequence of the initial condition under which Coase’s contribution was first formulated (Stigler 1966) is not perfectly eliminated. The evolution of the 'Coase Theorem' has now become an example to intellectual path dependence in economics.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rosenkranz, Stephanie & Schmitz, Patrick W, 2004.
"Can Coasean Bargaining Justify Pigouvian Taxation?,"
CEPR Discussion Papers
4263, C.E.P.R. Discussion Papers.
- 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.
- Stephanie Rosenkranz & Patrick W. Schmitz, 2006. "Can Coasean bargaining justify Pigouvian taxation?," Bonn Econ Discussion Papers bgse7_2006, University of Bonn, Germany.
- 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.
- 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 175-81, April.
- 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 254-68, April.
- Mark Cohen & V. Santhakumar, 2007. "Information Disclosure as Environmental Regulation: A Theoretical Analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(3), pages 599-620, July.
- Wible James, 1998. "The Economics Of Science, Methodology And Epistemology As If Economics Really Matter," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(4), pages 18, December.
- Stigler, George J & Friedland, Claire, 1975. "The Citation Practices of Doctorates in Economics," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 477-507, June.
- Halpin, Andrew, 2007. "Disproving The Coase Theorem?," Economics and Philosophy, Cambridge University Press, vol. 23(03), pages 321-341, November.
- Coase, R H, 1974. "The Market for Goods and the Market for Ideas," American Economic Review, American Economic Association, vol. 64(2), pages 384-91, May.
- Charness, Gary & Frechette, Guillaume R. & Qin, Cheng-Zhong, 2007. "Endogenous transfers in the Prisoner's Dilemma game: An experimental test of cooperation and coordination," Games and Economic Behavior, Elsevier, vol. 60(2), pages 287-306, August.
- Yalcintas, Altug, 2010. "Intellectual Paths And Pathologies: How Small Events In Scholarly Life Accidentally Grow Big," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(04), pages 621-622, December.
- Krugman, Paul, 1991.
"Increasing Returns and Economic Geography,"
Journal of Political Economy,
University of Chicago Press, vol. 99(3), pages 483-99, June.
- David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-37, May.
- Hovenkamp, Herbert, 1991. "Legal Policy and the Endowment Effect," The Journal of Legal Studies, University of Chicago Press, vol. 20(2), pages 225-47, June.
- Michael Butler & Robert Garnett, 2003. "Teaching the coase theorem: Are we getting it right?," Atlantic Economic Journal, International Atlantic Economic Society, vol. 31(2), pages 133-145, June.
- Usher, Dan, 1998. "The Coase theorem is tautological, incoherent or wrong," Economics Letters, Elsevier, vol. 61(1), pages 3-11, October.
- Coase, R H, 1993. "Law and Economics at Chicago," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 239-54, April.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:37936. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.