The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Hoffman Elizabeth & McCabe Kevin & Shachat Keith & Smith Vernon, 1994. "Preferences, Property Rights, and Anonymity in Bargaining Games," Games and Economic Behavior, Elsevier, vol. 7(3), pages 346-380, November.
- Frech, H E, III, 1979. "The Extended Coase Theorem and Long Run Equilibrium: The Nonequivalence of Liability Rules and Property Rights," Economic Inquiry, Western Economic Association International, vol. 17(2), pages 254-268, April.
- Charness, Gary & Frechette, Guillaume R. & Qin, Cheng-Zhong, 2007.
"Endogenous transfers in the Prisoner's Dilemma game: An experimental test of cooperation and coordination,"
Games and Economic Behavior, Elsevier, vol. 60(2), pages 287-306, August.
- Charness, Gary B & Qin, Cheng-Zhong, 2005. "Endogenous Transfers in the Prisoner’s Dilemma Game: An Experimental Test Of Cooperation And Coordination," University of California at Santa Barbara, Economics Working Paper Series qt9cm846c4, Department of Economics, UC Santa Barbara.
- Stephanie Rosenkranz & Patrick W. Schmitz, 2007.
"Can Coasean Bargaining Justify Pigouvian Taxation?,"
Economica, London School of Economics and Political Science, vol. 74(296), pages 573-585, November.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2004. "Can Coasean Bargaining Justify Pigouvian Taxation?," CEPR Discussion Papers 4263, C.E.P.R. Discussion Papers.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2006. "Can Coasean bargaining justify Pigouvian taxation?," Bonn Econ Discussion Papers 7/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Gary S. Becker & George J. Stigler, 1974. "Law Enforcement, Malfeasance, and Compensation of Enforcers," The Journal of Legal Studies, University of Chicago Press, vol. 3(1), pages 1-18, January.
- Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
- Krugman, Paul, 1991.
"Increasing Returns and Economic Geography,"
Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
- Paul Krugman, 1990. "Increasing Returns and Economic Geography," NBER Working Papers 3275, National Bureau of Economic Research, Inc.
- David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-337, May.
- Ronald H. Coase, 2000.
"The new institutional economics,"
Chapters, in: Claude Ménard (ed.), Institutions, Contracts and Organizations, chapter 1,
Edward Elgar Publishing.
- Coase, Ronald, 1998. "The New Institutional Economics," American Economic Review, American Economic Association, vol. 88(2), pages 72-74, May.
- Coase, R H, 1993. "Law and Economics at Chicago," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 239-254, April.
- Hovenkamp, Herbert, 1991. "Legal Policy and the Endowment Effect," The Journal of Legal Studies, University of Chicago Press, vol. 20(2), pages 225-247, June.
- Steven G. Medema (ed.), 1995. "The Legacy Of Ronald Coase In Economic Analysis," Books, Edward Elgar Publishing, volume 0, number 618.
- Aivazian, Varouj A & Callen, Jeffrey L, 1981. "The Coase Theorem and the Empty Core," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 175-181, April.
- Halpin, Andrew, 2007. "Disproving The Coase Theorem?," Economics and Philosophy, Cambridge University Press, vol. 23(3), pages 321-341, November.
- Ronald H. Coase, 2022.
"The Market for Goods and the Market for Ideas,"
Econ Journal Watch, Econ Journal Watch, vol. 19(1), pages 166–175-1, March.
- Coase, R H, 1974. "The Market for Goods and the Market for Ideas," American Economic Review, American Economic Association, vol. 64(2), pages 384-391, May.
- Mark Cohen & V. Santhakumar, 2007. "Information Disclosure as Environmental Regulation: A Theoretical Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 599-620, July.
- Stigler, George J & Friedland, Claire, 1975. "The Citation Practices of Doctorates in Economics," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 477-507, June.
- Hoffman, Elizabeth & Spitzer, Matthew L, 1982.
"The Coase Theorem: Some Experimental Tests,"
Journal of Law and Economics, University of Chicago Press, vol. 25(1), pages 73-98, April.
- Elizabeth Hoffman & Matthew Spitzer, 1981. "The Coase Theorem: Some Experimental Tests," Discussion Papers 470, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Wible James, 1998. "THE ECONOMICS OF SCIENCE, METHODOLOGY AND EPISTEMOLOGY AS IF ECONOMICS REALLY MATTER: Compte rendu de lecture par Emmanuel Martin," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(4), pages 555-572, December.
- Medema, Steven G., 1999. "Symposium on the Coase Theorem: Legal Fiction: The Place of the Coase Theorem in Law and Economics," Economics and Philosophy, Cambridge University Press, vol. 15(2), pages 209-233, October.
- Michael Butler & Robert Garnett, 2003. "Teaching the coase theorem: Are we getting it right?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 31(2), pages 133-145, June.
- Usher, Dan, 1998. "The Coase theorem is tautological, incoherent or wrong," Economics Letters, Elsevier, vol. 61(1), pages 3-11, October.
- Steven G. Medema, 2010. "Ronald Harry Coase," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 2, Edward Elgar Publishing.
- Yalcintas, Altug, 2010. "Intellectual Paths And Pathologies: How Small Events In Scholarly Life Accidentally Grow Big," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(4), pages 621-622, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
- Altug Yalcintas, 2013. "The Problem of Epistemic Cost: Why Do Economists Not Change Their Minds (About the “Coase Theorem”)?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1131-1157, November.
- Elodie Bertrand, 2019. "Much ado about nothing? The controversy over the validity of the Coase theorem," Post-Print hal-03479468, HAL.
- Yalcintas, Altug, 2011. "On error: undisciplined thoughts on one of the causes of intellectual path dependency," MPRA Paper 37911, University Library of Munich, Germany.
- Élodie Bertrand, 2006. "La thèse d'efficience du « théorème de Coase ». Quelle critique de la microéconomie ?," Revue économique, Presses de Sciences-Po, vol. 57(5), pages 983-1007.
- Adam Smith & David Skarbek & Bart Wilson, 2012.
"Anarchy, groups, and conflict: an experiment on the emergence of protective associations,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(2), pages 325-353, February.
- Adam C. Smith & David B. Skarbek & Bart J. Wilson, 2009. "Anarchy, Groups, and Conflict: An Experiment on the Emergence of Protective Associations," Working Papers 09-03, Chapman University, Economic Science Institute.
- G Cameron, 1996.
"Innovation and Economic Growth,"
CEP Discussion Papers
dp0277, Centre for Economic Performance, LSE.
- Cameron, G., 1996. "Innovation and economic growth," LSE Research Online Documents on Economics 20685, London School of Economics and Political Science, LSE Library.
- Wang Ning, 2018. "Law and the Economy: An Introduction to Coasian Law and Economics," Man and the Economy, De Gruyter, vol. 5(2), pages 1-13, December.
- Holmes, Thomas J., 1999.
"How Industries Migrate When Agglomeration Economies Are Important,"
Journal of Urban Economics, Elsevier, vol. 45(2), pages 240-263, March.
- Thomas J. Holmes, 1996. "How industries migrate when agglomeration economies are important," Staff Report 219, Federal Reserve Bank of Minneapolis.
- Girard, J. & Gruber, H., 1995. "The repeated choice model and the feedback mechanism," Omega, Elsevier, vol. 23(2), pages 187-195, April.
- Mealy, Penny & Teytelboym, Alexander, 2022. "Economic complexity and the green economy," Research Policy, Elsevier, vol. 51(8).
- Alex Anas & Richard Arnott & Kenneth A. Small, 1998.
"Urban Spatial Structure,"
Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1426-1464, September.
- Anas, Alex & Arnott, Richard & Small, Kenneth A., 1997. "Urban Spatial Structure," University of California Transportation Center, Working Papers qt835049q3, University of California Transportation Center.
- Richard Arnott & Alex Anas & Kenneth Small, 1997. "Urban Spatial Structure," Boston College Working Papers in Economics 388., Boston College Department of Economics.
- Gigante, Anna Azzurra, 2016. "“Reviewing Path Dependence Theory in Economics: Micro–Foundations of Endogenous Change Processes”," MPRA Paper 75310, University Library of Munich, Germany.
- Maristella Botticini & Zvi Eckstein, 2006.
"Path Dependence and Occupations,"
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
DP-154, Boston University - Department of Economics.
- Maristella Botticini & Zvi Eckstein, 2006. "Path Dependence and Occupations," Carlo Alberto Notebooks 3, Collegio Carlo Alberto.
- Herbert Hovenkamp, 2011. "Coasean markets," European Journal of Law and Economics, Springer, vol. 31(1), pages 63-90, February.
- Harnay, Sophie & Marciano, Alain, 2009.
"Posner, Economics And The Law: From “Law And Economics” To An Economic Analysis Of Law,"
Journal of the History of Economic Thought, Cambridge University Press, vol. 31(2), pages 215-232, June.
- Alain Marciano & Sophie Harnay, 2008. "Posner, Economics and the Law: from Law and Economics to an Economic Analysis of Law," ICER Working Papers 09-2008, ICER - International Centre for Economic Research.
- Gagliardi, Francesca, 2008. "Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 416-443, February.
- Rosina Moreno & Ernest Miguélez, 2012.
"A Relational Approach To The Geography Of Innovation: A Typology Of Regions,"
Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 492-516, July.
- Rosina Moreno & Ernest Miguélez, 2011. "A relational approach to the geography of innovation: a typology of regions," IREA Working Papers 201121, University of Barcelona, Research Institute of Applied Economics, revised Oct 2011.
- Mealy, Penny & Teytelboym, Alexander, 2017. "Economic Complexity and the Green Economy," INET Oxford Working Papers 2018-03, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Feb 2019.
- Alan Kirman, 2002. "Reflections on interaction and markets," Quantitative Finance, Taylor & Francis Journals, vol. 2(5), pages 322-326.
More about this item
Keywords
Ronald Coase; 'The Problem of Social Cost' (1960); The 'Coase Theorem; ' George Stigler; Replication Failure; Intellectual Path Dependence;All these keywords.
JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:37936. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.