825 Citations
Coasean versus Pigovian solutions to the problem of social cost: the role of common entitlements
- Economics
- 2017
This paper works towards drawing a proper relationship between the Coasean and Pigovian approaches that should be based on the distinction between individual/private and shared/common entitlements.…
On Ronald Coase as political economist
- Economics
- 2015
Despite Coase’s many and important contributions to economics he has mislead the profession of economics with his work in social costs, for which he is perhaps most famous. If his analytic model were…
Coase and Bertrand on lighthouses
- Economics, History
- 2009
Coase (Journal of Low and Economics 17(2):185–213, 1974) failed to appreciate that the construction and maintenance of nineteenth-century lighthouses were in part financed by British taxpayers.…
Frank Knight, James Buchanan, and Classical Political Economy: The Long Shadow of Risk, Uncertainty, and Profit
- Economics, History
- 2020
I have been asked to explore how James Buchanan’s work on public finance and constitutional political economy might have emerged out of themes present in Frank Knight’s <i>oeuvre</i>, especially his…
The Positive Political Economy of Analytical Anarchism
- EconomicsThe Routledge Handbook of Anarchy and Anarchist Thought
- 2020
Analytical anarchism is a subset of political economy that takes neither rules as given nor assumes that monopoly enforcement of such rules exists. This approach is the positive study of endogenous…
Privately Preventing Malaria in the United States, 1900-1925
- MedicineSSRN Electronic Journal
- 2019
The scope for individual responses to changing prevalence rates is wider than typically assumed and people are more likely to overcome problems related to collective action and free riding when they face financial rewards or when they lower transactions costs related to monitoring and enforcement.
Lighthouse Provision in Premodern Japan
- HistoryEconomic Inquiry
- 2019
We investigate how lighthouses were provided in premodern Japan, with a specific focus on the role of the private sector. Using national survey data on lighthouses collected by the government in…
The Lighthouse Debate and the Dynamics of Interventionism
- EconomicsThe Review of Austrian Economics
- 2018
Coase’s publication of “The Lighthouse in Economics” (1974) sparked a polarizing debate over his claim that government intervention is not necessary for the existence of a private lighthouse market.…
The lightship in economics
- History, EconomicsPublic Choice
- 2018
What role does government play in the provision of public goods? Economists have used the lighthouse as an empirical example to illustrate the extent to which the private provision of public goods is…