Experimenting with the Coase theorem

@article{Mabsout2019ExperimentingWT,
  title={Experimenting with the Coase theorem},
  author={Ramzi Mabsout and Hossein Radmard},
  journal={Journal of Economic Methodology},
  year={2019},
  volume={27},
  pages={1 - 17}
}
ABSTRACT Kahneman, Knetsch, and Thaler's [(1990). Experimental tests of the endowment effect and the Coase theorem. Journal of Political Economy, 98, 1325–1348] experiment on the Coase theorem disrupted a string of experimental successes in the 1980s. The source of their refutation is the endowment effect which generates a reluctance to trade. We use Steven Medema's recent benchmark interpretation of the Coase theorem to subject their experiment to methodological scrutiny, generating four… Expand
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