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  1. What happened on Blackstone Avenue?
    exorcising coase theorem mythology
    Autor*in: Medema, Steven G.
    Erschienen: July 2021
    Verlag:  Center for the History of Political Economy at Duke University, [Durham, NC]

    The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article. I draw on both the published record and archival resources in an effort to clear away some of the mist and,... mehr

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    Standort:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 554
    Fernleihe:
    keine Fernleihe

     

    The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article. I draw on both the published record and archival resources in an effort to clear away some of the mist and, as it will emerge, dispel some of the mythology. As good as the traditional story is - thanks in no small part to Stigler’s hyperbole - the reality is far more interesting, both for what it tells us about Coase’s result and for our understanding of the messy process behind how it came to be. For as we shall see, Coase set out at least three versions of his result, two of them assuredly incorrect, in 1959-60 and had at best a faint sense for the implications of transaction costs for his conclusion - something which he was only put on to by others to whom he showed the original draft of his 1959 article. And as for that fateful evening during which he "converted" the Chicagoans to his point of view, we shall see both that the extent of the conversion necessary was far less than the traditional story suggests and that it is not at all clear what it was that the Chicagoans believed at the end of the evening, Coase’s 1960 argument notwithstanding.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/235886
    Auflage/Ausgabe: Version 1.6
    Schriftenreihe: CHOPE working paper ; no. 2021, 14 (July 2021)
    Schlagworte: Ronald Coase; transaction costs; Coase theorem; externalities
    Weitere Schlagworte: Array
    Umfang: 1 Online-Ressource (circa 41 Seiten)
  2. Climate policy, the state, and the problem of credible commitment
    Autor*in: Brunner, Steffen
    Erschienen: 2013
    Verlag:  Technische Universität Berlin, Berlin

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    Quelle: Verbundkataloge
    Beteiligt: Edenhofer, Ottmar (Akademischer Betreuer)
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    Weitere Identifier:
    Schlagworte: Commitment <Management>; Staatstätigkeit; Klima; State
    Weitere Schlagworte: Hume, David (1560-1630); Klimapolitik; Neue Institutionenökonomie; Transaktionskostenansatz; Ronald Coase
    Umfang: Online-Ressource
    Bemerkung(en):

    Berlin, Technische Universität Berlin, Diss., 2013
  3. Coase and the Scottish political economy tradition
    Autor*in: Dow, Alexander; Dow, Sheila C.
    Erschienen: [2021]
    Verlag:  University of Victoria, Economics, [Victoria, B.C.]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 744
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Department discussion paper] / University of Victoria ; DDP 2005
    Schlagworte: Ronald Coase; Scottish political economy; economic methodology; law andeconomics
    Umfang: 1 Online-Ressource (circa 15 Seiten)
  4. What happened on Blackstone Avenue?
    recovering the origins of the coase theorem
    Autor*in: Medema, Steven G.
    Erschienen: [2023]
    Verlag:  Center for the History of Political Economy at Duke University, [Durham, NC]

    This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase ‘converted’ a group of Chicago economists to his way of thinking. Drawing... mehr

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    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 554
    Fernleihe:
    keine Fernleihe

     

    This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase ‘converted’ a group of Chicago economists to his way of thinking. Drawing on published and archival sources, we discuss the challenges that Coase encountered in formulating his argument, particularly as regards the impact of transaction costs on his negotiation result, and illuminate the roles of Duncan Black and David Cavers in nudging Coase toward a theoretically valid result. Finally, we show that the Chicago economists’ ‘conversion’ was both less extensive than commonly believed and likely involved a their acceptance of a result that is both demonstrably incorrect and fundamentally different from that which Coase published in 1960.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/273543
    Schriftenreihe: CHOPE working paper ; no. 2023, 03 (May 2023)
    Schlagworte: Coase theorem; Ronald Coase; externalities; market failure; transaction costs
    Umfang: 1 Online-Ressource (circa 44 Seiten)
  5. What happened on Blackstone Avenue?
    transaction costs, scholarly midwives, and the birth of the Coase theorem
    Autor*in: Medema, Steven G.
    Erschienen: [2024]
    Verlag:  Center for the History of Political Economy at Duke University, [Durham, NC]

    The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 554
    Fernleihe:
    keine Fernleihe

     

    The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on published and archival sources, we discuss the challenges that Coase encountered in formulating his argument and illuminate the roles of other scholars in correcting Coase's errors-particularly as regards the impact of transaction costs on his negotiation analysis-and nudging him toward a theoretically valid result. We also show that Coase's legendary 'conversion' of the disbelieving Chicago economists was both less extensive than commonly believed and likely involved a their acceptance of a result that is both demonstrably incorrect and fundamentally different from that which Coase published in "The Problem of Social Cost." All of this works to highlight the ongoing challenges posed by transaction costs for understanding the domain and range of the Coase theorem, challenges that are as old as the theorem itself.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/301041
    Schriftenreihe: CHOPE working paper ; no. 2024, 04 (July 2024)
    Schlagworte: Coase theorem; Ronald Coase; externalities; market failure; transaction costs
    Umfang: 1 Online-Ressource (circa 46 Seiten)