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Pricing of Pollution: The Coase Theorem in the Long Run

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  • H.E. Frech III

Abstract

In an earlier article in The Bell Journal, Tybout argues that even in a zero transaction costs model, bribery to reduce pollution and compensation charges for it result in different total profits, and thus in different long-run behavior. Therefore, the Coase Theorem is refuted for the long-run case.

Suggested Citation

  • H.E. Frech III, 1973. "Pricing of Pollution: The Coase Theorem in the Long Run," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 316-319, Spring.
    • Handle: RePEc:rje:bellje:v:4:y:1973:i:spring:p:316-319
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    Cited by:

    1. Yu Yan & Yiming Lei & Yuyang Tang & Xufeng Zhao, 2023. "Ineffectiveness of carbon cap-and-trade market," Energy & Environment, , vol. 34(7), pages 2317-2342, November.
    2. Cathrine Hagem, 2002. "A Note on The Kyoto Protocol, Tradeable Quotas and Firm Survival," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(3), pages 467-468, July.
    3. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    4. Geoffrey Black & D. Allen Dalton & Samia Islam & Aaron Batteen, 2014. "The Coasean Framework of the New York City Watershed Agreement," Cato Journal, Cato Journal, Cato Institute, vol. 34(1), pages 1-32, Winter.

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