The Coase Theorem and the Study of Law and Economics

@article{Samuels1992TheCT,
  title={The Coase Theorem and the Study of Law and Economics},
  author={Warren J. Samuels},
  journal={Natural Resources Journal},
  year={1992},
  pages={77-110}
}
  • W. Samuels
  • Published 1992
  • Economics
  • Natural Resources Journal
The purpose of this chapter is to provide a comprehensive assessment of the Coasian analysis, primarily through an interpretation of the positive analytic meaning and significance of the so-called neutrality theorem, the probative value of its nonnative message and its place in the study of law and economics. Among other things, the chapter will show that the theorem is a very limited partial-equilibrium proposition which concentrates upon certain variables to the exclusion of others which… 
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