the Coase theorem (/ˈkoʊs/) describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem is significant...

Ronald Harry Coase (/ˈkoʊs/; 29 December 1910 – 2 September 2013) was a British economist and author. Coase was educated at the London School of Economics...

concurrent economic activities also requiring decisions. The Coase theorem, developed by Ronald Coase and labeled as such by George Stigler, states that private...

agreement is mutually beneficial). However, the Coase theorem is difficult to implement because Coase does not offer a negotiation method. Moreover, Coasian...

purpose, it is helpful to conduct analysis along the lines of the Coase theorem. Ronald Coase theorized that when transaction costs are very low, the initial...

test the political Coase theorem (PCT), an application of the Coase theorem to politics. One of the assumptions of the Coase Theorem is that agents can...

theorem (economics) Bondareva–Shapley theorem (economics) Coase theorem (economics) Duggan–Schwartz theorem (voting theory) Edgeworth's limit theorem...

Loss aversion and the endowment effect lead to a violation of the Coase theorem—that "the allocation of resources will be independent of the assignment...

result which Stigler dubbed the "Coase theorem". Thus, while Coase himself appears to have considered the "Coase theorem" and Coasian solutions as simplified...

the so-called "green tax shift". Better defined property rights. The Coase Theorem states that assigning property rights will lead to an optimal solution...

the Coase theorem says that the political marketplace (the decisions of the legislatures) will allocate resources to the highest valued point (Coase 1960)...

rights-holders lost benefits and the victim's damages. Another example of the Coase Theorem is when a water rights owner pays a land owner to access a body of water...

covers the "Indifference Principle". Chapter 9 covers the Coase Theorem of professor Ronald Coase. The book is also recommended reading by the departments...

The Coase theorem states that non-zero transaction costs will generally lead to inefficient conflict resolution. Daron Acemoglu argues that the Coase theorem...

efficient market solution. Coase extends this framework throughout his development of a functional theorem concerning externalities. Coase argues that these rights...

Felli, Leonardo (2006). "Transaction Costs and the Robustness of the Coase Theorem*" (PDF). The Economic Journal. 116 (508): 223–245. doi:10.1111/j.1468-0297...

2023-04-27. Lee, Timothy B. (September 4, 2013). "The Coase Theorem is widely cited in economics. Ronald Coase hated it". The Washington Post. "John Harte". ESPM...

when considered as a facet of loss-aversion, would thus violate the Coase theorem, and was described as inconsistent with standard economic theory which...

reference to current endowments. This leads to the wide acceptance of the Coase theorem assertion that, subject to income effects, the allocation of resources...

Studies." He is widely known for his influential 1978 critique of the Coase theorem, a core part of law and economics. He graduated from Harvard College...

The Lost Lawyer 166 (1993). Schlag, Pierre (2013-09-17). "Coase Minus the Coase Theorem – Some Problems with Chicago Transaction Cost Analysis". Rochester...

producers and indirect winners of consumers. Carbon trading CC–PP game Coase theorem Container deposit legislation Deposit-refund system Environmental Tax...

Tian (2012). "Detrimental Externalities, Pollution Rights, and the "Coase Theorem"". Economic Theory. 49 (2): 309–327. doi:10.1007/s00199-011-0602-1....

articles by Ronald Coase, "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). In the latter, the Coase theorem (as it was subsequently...

appropriate assignment of property rights. This result is known as the Coase theorem. While the origins of cost–benefit analysis can be traced back to Jules...

Thaler, R.H., 1990. Experimental Tests of the Endowment Effect and the Coase Theorem. Journal of Political Economy, 98(6), pp. 1325–1348. De Bondt, W.F....

energy and growth policies. Consequently, applying the principle of the coase theorem makes sense. It recommends to make investments there, where the marginal...

University of Chicago London School of Economics Transaction costs, Coase theorem, Coase conjecture 1992 Gary Becker (1930–2014)  United States "for having...

care for the defendant. The calculus of negligence is based on the Coase theorem. The tort system acts as if, before the injury or damage, a contract...

property right over some phenomenon formerly in the public domain. The Coase theorem is one extreme version of this logic. If property rights are well defined...