Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Coase_theorem> ?p ?o. }
Showing items 1 to 51 of
51
with 100 items per page.
- Coase_theorem abstract "In law and economics, the Coase theorem (pronounced /ˈkoʊs/) describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasian bargaining. This "theorem" is commonly attributed to The University of Chicago's Nobel Prize laureate Ronald Coase. However, Coase himself stated that the theorem was based on perhaps four pages of his 1960 paper The Problem of Social Cost, and that the "Coase theorem" is not about his work at all.This 1960 paper, along with his 1937 paper on the nature of the firm (which also emphasizes the role of transaction costs), earned Ronald Coase the 1991 Nobel Memorial Prize in Economic Sciences. In this 1960 paper, Coase argued that real-world transaction costs are rarely low enough to allow for efficient bargaining and hence the theorem is almost always inapplicable to economic reality. Since then, others have demonstrated the importance of the perfect information assumption and shown using game theory that inefficient outcomes are to be expected when this assumption is not met.Nevertheless, the Coase theorem is considered an important basis for most modern economic analyses of government regulation, especially in the case of externalities, and it has been used by jurists and legal scholars to analyse and resolve legal disputes. George Stigler summarized the resolution of the externality problem in the absence of transaction costs in a 1966 economics textbook in terms of private and social cost, and for the first time called it a "theorem." Since the 1960s, a voluminous literature on the Coase theorem and its various interpretations, proofs, and criticism has developed and continues to grow.".
- Coase_theorem wikiPageExternalLink TheCoaseTheorem.
- Coase_theorem wikiPageExternalLink Coase.htm.
- Coase_theorem wikiPageExternalLink 1646.
- Coase_theorem wikiPageExternalLink cj26n1-10.pdf.
- Coase_theorem wikiPageExternalLink Coase_World.html.
- Coase_theorem wikiPageExternalLink what_is_the_coa.html.
- Coase_theorem wikiPageExternalLink dilbert_and_the.html.
- Coase_theorem wikiPageExternalLink is231-Coase.htm.
- Coase_theorem wikiPageExternalLink coasetheorem.htm.
- Coase_theorem wikiPageID "372063".
- Coase_theorem wikiPageRevisionID "596589660".
- Coase_theorem hasPhotoCollection Coase_theorem.
- Coase_theorem subject Category:Economics_theorems.
- Coase_theorem subject Category:Law_and_economics.
- Coase_theorem subject Category:Market_failure.
- Coase_theorem subject Category:New_institutional_economics.
- Coase_theorem subject Category:Public_choice_theory.
- Coase_theorem type Abstraction100002137.
- Coase_theorem type Communication100033020.
- Coase_theorem type EconomicsTheorems.
- Coase_theorem type Message106598915.
- Coase_theorem type Proposition106750804.
- Coase_theorem type Statement106722453.
- Coase_theorem type Theorem106752293.
- Coase_theorem comment "In law and economics, the Coase theorem (pronounced /ˈkoʊs/) describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasian bargaining.".
- Coase_theorem label "Coase theorem".
- Coase_theorem label "Coase-Theorem".
- Coase_theorem label "Stelling van Coase".
- Coase_theorem label "Teorema de Coase".
- Coase_theorem label "Teorema de Coase".
- Coase_theorem label "Teorema di Coase".
- Coase_theorem label "Teoremat Coase'a".
- Coase_theorem label "Théorème de Coase".
- Coase_theorem label "Теорема Коуза".
- Coase_theorem label "科斯定理".
- Coase_theorem sameAs Coasův_teorém.
- Coase_theorem sameAs Coase-Theorem.
- Coase_theorem sameAs Teorema_de_Coase.
- Coase_theorem sameAs Théorème_de_Coase.
- Coase_theorem sameAs Teorema_di_Coase.
- Coase_theorem sameAs 코즈의_정리.
- Coase_theorem sameAs Stelling_van_Coase.
- Coase_theorem sameAs Teoremat_Coase'a.
- Coase_theorem sameAs Teorema_de_Coase.
- Coase_theorem sameAs m.020kz1.
- Coase_theorem sameAs Q1050037.
- Coase_theorem sameAs Q1050037.
- Coase_theorem sameAs Coase_theorem.
- Coase_theorem wasDerivedFrom Coase_theorem?oldid=596589660.
- Coase_theorem isPrimaryTopicOf Coase_theorem.