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Some failures of the popular Coase Theorem

In: The Elgar Companion to Ronald H. Coase

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  • Joseph Farrell
Abstract
Ronald H. Coase was one of the most innovative and provocative economists of the twentieth century. Besides his best known papers on ‘The Nature of the Firm’ and ‘The Problem of Social Cost’, he had a major role in the development of the field of law and economics, and made numerous influential contributions to topics including public utilities, regulation and the functioning of markets. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars assess the impact of his work with particular reference to the research programs initiated, the influence on policymakers, and the challenge to conventional perspectives.

Suggested Citation

  • Joseph Farrell, 2016. "Some failures of the popular Coase Theorem," Chapters, in: Claude Ménard & Elodie Bertrand (ed.), The Elgar Companion to Ronald H. Coase, chapter 24, pages 333-345, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15461_24
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    Keywords

    Economics and Finance; Law - Academic;

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