The Lighthouse in Economics

@article{Coase1974TheLI,
  title={The Lighthouse in Economics},
  author={Ronald H. Coase},
  journal={The Journal of Law and Economics},
  year={1974},
  volume={17},
  pages={357 - 376}
}
  • R. Coase
  • Published 1 October 1974
  • Economics
  • The Journal of Law and Economics
View on U Chicago Press
825 Citations
Highly Influential Citations
35
Background Citations
234
Methods Citations
10
Results Citations
3

825 Citations

The Lightship in Economics
  • 2017
Coasean versus Pigovian solutions to the problem of social cost: the role of common entitlements
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Frank Knight, James Buchanan, and Classical Political Economy: The Long Shadow of Risk, Uncertainty, and Profit
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The Positive Political Economy of Analytical Anarchism
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
TLDR
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
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
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
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…
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