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Autorisation à l'échange sur des externalités. De l'interdiction à l'obligation

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  • Élodie Bertrand

Abstract

Negotiation over externalities, as assumed by the ?Coase theorem,? may be impeded by a moral or social ban on exchanging this type of property right. This article shows that the empirical tests of the ?Coase theorem? bring to light three degrees on the spectrum of the moral or social authorization to legitimately exchange externalities : 1) a ban among rural neighbors observed by Ellickson [1986], 2) a permission between the beekeepers and orchard owners studied by Cheung [1973] and 3) a moral incentive in the lab experiments of Hoffman and Spitzer [1982]. This paper thus contributes to the analysis of the interaction between social norms and exchange contracts, by focusing on norms that allow or not contracts. Classification JEL : B25 ; C91 ; D62 ; K13

Suggested Citation

  • Élodie Bertrand, 2014. "Autorisation à l'échange sur des externalités. De l'interdiction à l'obligation," Revue économique, Presses de Sciences-Po, vol. 65(2), pages 439-459.
    • Handle: RePEc:cai:recosp:reco_652_0439
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    Cited by:

    1. Elodie Bertrand, 2019. "Much ado about nothing? The controversy over the validity of the Coase theorem," Post-Print hal-03479468, HAL.

    More about this item

    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics

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