0730 the Coase Theorem
@inproceedings{Zerbe20000730TC,
title={0730 the Coase Theorem},
author={Richard O. Zerbe},
year={2000}
}The Coase theorem has evolved from an illustrative argument in Ronald Coase’s ‘The Problem of Social Cost’ to a centerpiece of the modern law and economics movement. Along the way, the theorem has generated an enormous amount of controversy and discussion, including numerous theoretical attempts at proof and disproof and empirical and experimental analyses of the theorem’s applicability. This chapter surveys the literature surrounding the Coase theorem and presents an outline of the major… CONTINUE READING
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