An economic theorem formulated by Ronald Coase, stating that if property rights are well defined, bargaining will help to even out problems caused by the effects one party's actions on another party. The theorem claims that parties who stand to gain more will offer more to parties that do not benefit as much, leading to balance.
Related information about Coase's theorem:
- Coase theorem - Wikipedia, the free encyclopedia
Second, the information assumptions required to apply Coase's theorem correctly to yield an efficient result are complete information—in other words that both ...
- What is Coase's theorem? - BusinessDictionary.com
Definition of Coase's theorem: Concept that economic efficiency is achieved best by full allocation of, and completely free trade in, property rights. It states that ...
- Illustration of the Coase Theorem
This is the essence of Coase's Theorem: The same levels of production are achieved ... The second part of Coase's Theorem is that the levels of production ...
- Ronald H. Coase: The Concise Encyclopedia of Economics | Library ...
An entry in the Libertarian inclined "Concise Encyclopedia of Economics".
- The World According to Coase
An article on Coase by the economist David Friedman.
- What is COASE'S THEOREM? - The Law Dictionary
Definition of COASE'S THEOREM: Concept that the best economic efficiency occurs with unfettered allocation and open trade in property rights. It proposes that ...
- What is Coase's theorem? - InvestorWords.com
Definition of Coase's theorem: An economic theorem formulated by Ronald Coase, stating that if property rights are well defined, bargaining will help to even out ...
- The Paper River: A Demonstration of Externalities and Coase's ...
Externalities and Coase's Theorem. Gail M. Hoyt, Patricia L. Ryan, and Robert G. Houston, Jr. It is necessary to know whether the damaging business is liable or ...