Titlebook: Coasean Economics Law and Economics and the New Institutional Economics; Steven G. Medema Book 1998 Springer Science+Business Media New Yo

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decipher

The Coasean Tangle: The Nature of the Firm and the Problem of Historical Specificity,and materials — takes place. The firm is thus seemingly ubiquitous and pre-eminent throughout all civilised human history. The firm embraces all productive activity, from the slave sweating under the whip, to the contract knitter of scarves by the fireside, and to the loving husband preparing breakf

defuse

Property Rights, Transaction Costs, and Coase: One More Time, and make one more attempt to clear the air and make the notion of transaction costs operational. The proposed definition clarifies the Coase Theorem, draws attention to its importance, and helps to defend it against some standard criticisms. Further, the definition helps to answer sticky questions

Fallibility

Examples of Modern Screw Compressor Designs,and materials — takes place. The firm is thus seemingly ubiquitous and pre-eminent throughout all civilised human history. The firm embraces all productive activity, from the slave sweating under the whip, to the contract knitter of scarves by the fireside, and to the loving husband preparing breakf

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Book 1998Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Prob

eustachian-tube

The Three Great Puzzles of the Firm,991, p. 23]). Finally, noting that “nothing could be more diverse than the actual transactions which take place in our modern world,” Coase sought to explain how the attributes of transactions affect the relative costs of internal and market organization (1937 [1991, pp. 24–25]).

征稅

The Coase Theorem and Some Puzzles on the Tort/Contract Boundary,a reality check. In this paper I want to focus on two such instances. In the first instance, parties contract around a tort rule which appears efficient. In the second, parties fail to contract around a tort rule which appears inefficient. In both instances I will sketch out some arguments which might reconcile these observations.