Kellogg School of Management

The Coase Theorem and the First Welfare Theorem

Theme of the Lecture: when can institutions not improve efficiency? When can we not improve upon market outcomes? Coase Theorem: Efficiency and Bargaining -- closely related to value maximization.
China Internet Information Center

When the Coase Theorem met Chinese reality

The Observer: Professor Coase said many times that the Coase Theorem should be understood as saying that transaction costs cannot be neglected and that the initial allocation of property rights ...
JSTOR Daily

Institutional Change and Factor Movement in Major League Baseball: An Examination of the Coase Theorem's Invariance Principle

This is a preview. Log in through your library . Abstract One version of the Coase Theorem suggests that the distribution of resources is invariant to the assignment of rights. The lack of real world ...
JSTOR Daily

The Fourth Coase Theorem: State planning rules and spontaneity in action

Planning Theory, Vol. 14, No. 1 (2015), pp. 44-69 (26 pages) AbstractThis article elucidates a novel and powerful Fourth Coase Theorem using Coase's own reasoning and extending the First Coase Theorem ...