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When was Coase right?

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  • Bergstrom, Ted

Abstract

This paper explores the conditions under which there is "Coasian independence" between the assignment of property right and efficient allocation of resources.

Suggested Citation

  • Bergstrom, Ted, 2017. "When was Coase right?," University of California at Santa Barbara, Economics Working Paper Series qt6136k9kh, Department of Economics, UC Santa Barbara.
    • Handle: RePEc:cdl:ucsbec:qt6136k9kh
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    References listed on IDEAS

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    1. Elisabeth Gugl, 2014. "Transferable Utility in the Case of Many Private and Many Public Goods," Studies in Microeconomics, , vol. 2(2), pages 133-140, December.
    2. Fr Gonand & Pierre-André Jouvet, 2015. "The," Post-Print hal-01385977, HAL.
    3. Bergstrom, Theodore C. & Cornes, Richard C., 1981. "Gorman and Musgrave are dual : An Antipodean theorem on public goods," Economics Letters, Elsevier, vol. 7(4), pages 371-378.
    4. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    5. Bergstrom, Theodore C & Cornes, Richard C, 1983. "Independence of Allocative Efficiency from Distribution in the Theory of Public Goods," Econometrica, Econometric Society, vol. 51(6), pages 1753-1765, November.
    6. Paul A. Samuelson, 1950. "Evaluation Of Real National Income," Oxford Economic Papers, Oxford University Press, vol. 2(1), pages 1-29.
    7. Bergstrom, Theodore C. & Varian, Hal R., 1985. "When do market games have transferable utility?," Journal of Economic Theory, Elsevier, vol. 35(2), pages 222-233, August.
    8. Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-1289, December.
    9. Hurwicz, Leonid, 1995. "What is the Coase Theorem?," Japan and the World Economy, Elsevier, vol. 7(1), pages 49-74, May.
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    Citations

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    Cited by:

    1. Demuynck, Thomas & Potoms, Tom, 2020. "Weakening transferable utility: The case of non-intersecting Pareto curves," Journal of Economic Theory, Elsevier, vol. 188(C).
    2. Daske, Thomas, 2019. "Efficient Incentives in Social Networks: "Gamification" and the Coase Theorem," EconStor Preprints 193148, ZBW - Leibniz Information Centre for Economics.
    3. Crettez Bertrand, 2020. "The Coase Theorem, the Nonempty Core, and the Legal Neutrality Principle," Review of Law & Economics, De Gruyter, vol. 16(1), pages 1-16, March.
    4. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.

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    More about this item

    Keywords

    Social and Behavioral Sciences; Coase; Externalitie;
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