The Coase theorem is one of the most influential and controversial ideas to emerge from
post–World War II economics. This article examines the theorem's origins, diffusion, and the …

We develop an equilibrium model of emissions permit trading in the presence of fixed and
proportional trading costs in which the permit price and firms' participation in and extent of …

Purpose–The aim of this study is to use a financial approach based on the Du Pont
expansion to investigate the impact of demographics, specialization, tenure, vertical …

With the quasi-natural experiment of state-owned enterprises reform in China, this paper
analyzes the relationship between state ownership and innovation. Utilizing difference-in …

Markets would not exist without the exchange of information. Information exchange is the
initial and most basic phase of every economic transaction, without it, market participants …

We propose a generic mechanism for allocating the benefits and costs that result from the
development of international transmission interconnections under a cooperative agreement …

We examine a setting in which property rights are initially ambiguously defined. Whether the
parties go to court to remove the ambiguity or bargain and settle before or after trial, they …

The standard property rights approach is focused on ex ante investment incentives, while
there are no transaction costs that might restrain ex post negotiations. We explore the …

For the procurement of complex goods, the early exchange of information is important to
avoid costly renegotiation. If the buyer can specify the main characteristics of possible …

This article offers a brief review of the Coase Theorem in the context of policy planning. This
concept first revolutionized the regulatory approach to the environmental problem because it …