… Coase conjecture fails: the monopolist’s payoff is bounded away from the low valuation
irrespective of the discount factor. (JEL D42, D82, D86, L12) The Coase conjecture is … , the Coase …

… This paper analyzes this question and provides a foundation for renegotiation-proof
contracts in this environment. The model extends the framework of the Coase conjecture to …

… deviation from Coase's assumptions—a deviation that applies in almost any practical
application—results in the failure of that conjecture. In particular, we examine that conjecture in a …

… A major result of this paper is to affirm a conjecture of Coase [2] that states that the market
will open at a price close to zero. In summary, without repeat purchases monopoly rents must …

… This is as close as Coase came to a statement of what we now call the Coase theorem.
Coase made only three explicit assumptions in arriving at his conclusion. First, the agents …

… In this article, we show that the Coase conjecture fails in a natural environment where
buyers have an outside option they can choose to exercise. We consider a seller who faces a …

… When the good is of sufficiently high durability, we establish that the Coase Conjecture
equilibrium is the unique equilibrium of our model. However, in this case, we show that the …

Growing up has not been easy for the" Coase Theorem." Reluctance of others to accept him
is mourned by an inevitably overproud parent and blamed on an uncomprehending world. …

After the Second World War, most European governments were currently supposed and
required to coordinate and stimulate the reconstruction effort of national economies devastated …

… A key to the Coase conjecture is the monopolist’s inability to … This paper studies the
robustness of the Coase conjecture with … I show that the Coase conjecture is robust with regard to …