Boston: Little Brown. Posner, R. A. 1993. Nobel Laureate: Ronald Coase and Methodology. Journal of Economic Perspectives 7:195–210. Schweizer, U. 1988. Externalities and the Coase Theorem: Hypothesis ...
Theme of the Lecture: when can institutions not improve efficiency? When can we not improve upon market outcomes? Coase Theorem: Efficiency and Bargaining -- closely related to value maximization.
Ronald Coase was one of those economists whose ... Coase's most famous contribution is the Coase Theorem, which holds that the problem of externalities-that is, me taking an action that imposes ...
Ronald Coase (1910-2013) was a British economist and recipient ... In his most influential paper, The Problem of the Social Cost (1960), he developed what later became known as the Coase theorem. His ...