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Confining the Coase Theorem : Contracting, Ownership, and Free-Riding
Ellingsen, Tore - 2015
of a non-cooperative model of contract negotiations, considering both compulsory and voluntary participation in … negotiations. In either case, we find that all consistent equilibria of the contracting game are efficient in the case of two …
Persistent link: https://www.econbiz.de/10013012163
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Coming to the Nuisance : An Economic Analysis from an Incomplete Contracts Perspective
Pitchford, Rohan; Snyder, Christopher M. - 2001
We construct a model in which a first mover decides on its location before it knows the identity of the second mover; joint location results in a negative externality. Contracts are inherently incomplete since the first mover's initial location decision cannot be specified to an anonymous second...
Persistent link: https://www.econbiz.de/10014126383
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The identity of the generator in the problem of social cost
Pitchford, Rohan; Snyder, Christopher M. - In: Journal of environmental economics and management : … 54 (2007) 1, pp. 49-67
Persistent link: https://www.econbiz.de/10003503786
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Property Rights and Incomplete Contracts : Dealing with Nuisance
Pitchford, Rohan; Snyder, Christopher M. - 1998
A model of externalities with sequential location choice is developed. The first mover decides on location before it …
Persistent link: https://www.econbiz.de/10014077603
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The social cost of blockchain : externalities, allocation of property rights, and the role of the law
Martino, Edoardo; Ringe, W. Georg - 2024
article demonstrates that blockchain creates a variety of new externalities, which cannot be addressed by the decentralised …. In addition, more immediate externalities emerge, for example through the operational and legal risks of being part of a …
Persistent link: https://www.econbiz.de/10014528505
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The Coase Theorem Tested in China
Schwartz, Pedro - 2020
statist theory of market defects as proclaimed by Pigou. The spectacular progress of the Chinese economy after Mao, as …
Persistent link: https://www.econbiz.de/10012822849
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An economic response to unsolicited communication
Van Alstyne, Marshall; Loder, Thede C.; Walsh, Rick - 2011
underlying problem is first-contact information asymmetry with negative externalities. Uninformed senders waste recipient …
Persistent link: https://www.econbiz.de/10010195139
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Coasean Keep-Away : Voluntary Transaction Costs
Barry, Jordan M.; Hatfield, John William; Kominers, … - 2014
may prefer the Coasean bargain that is struck when certain parties are excluded from negotiations. Accordingly, that … costs," including environmental litigation, multilateral treaty negotiations, and creditor-debtor relationships. Because of …
Persistent link: https://www.econbiz.de/10014148005
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Understanding 'The Problem of Social Cost'
Baffi, Enrico - 2014
Persistent link: https://www.econbiz.de/10013064242
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In search of Santa Claus : Samuelson, Stigler, and Coase theorem worlds
Medema, Steven G. - 2021 - Version 1.4
One of the more striking features of the debate over the Coase theorem is the wide variety of models and theoretical frameworks used to discuss, evaluate, or otherwise analyze Coase’s result - an artifact of an ambiguity in Coase’s reasoning. Some framed Coase’s result in a bargaining...
Persistent link: https://www.econbiz.de/10012648438