Tag Archives: Coasean

Is it Coasean, Coasian, or Coaseian? And does it matter in the absence of transaction costs?

Ronald Coase had an enormous impact on law and economics. Most law students encounter his work through the "Coase Theorem" from The Problem of Social Cost. This theorem holds that in the absence of transaction costs parties will bargain to … Continue reading

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Johnsen on Coasean Cost-Benefit Analysis

D. Bruce Johnsen (George Mason University – School of Law; PERC – Property and Environment Research Center) has posted A Coasean Approach to Cost-Benefit Analysis on SSRN.  Here is the abstract: Government regulation is said to be justified when private markets fail … Continue reading

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