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Coasian Theorem, Public Domain, and Property Rights Protection

Author

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  • Yiming He
  • Shaohui Gao

Abstract

In this paper, the expressions of Coasian Theorem and the concept of public domain are discussed at the beginning. Based on it, this paper derived a mathematic logic about Coasian Theorem. At last, it proves that if the number of owners who protect the public property is more than one, and then rent dissipation will occur. In addition, the enthusiasm for property rights protector in the information symmetry is greater than in the case of asymmetric information. Therefore, in order to protect the property rights more effective, we need to give the property rights to only man, so that asymmetric information structure can be transformed into the symmetric information structure. At this point, the public domain has become the private domain, so rent dissipation disappears.

Suggested Citation

  • Yiming He & Shaohui Gao, 2017. "Coasian Theorem, Public Domain, and Property Rights Protection," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(5), pages 470-485.
    • Handle: RePEc:asi:aeafrj:v:7:y:2017:i:5:p:470-485:id:1569
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    Cited by:

    1. He Yiming & Luo Biliang & Zou Baoling, 2018. "Do Heterogeneous Agricultural Factors Affect Farmland Contractual Choice?—Evidence from China," Man and the Economy, De Gruyter, vol. 5(1), pages 1-12, June.

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