Editor's note: On September 2, 2013 Nobel Laureate Ronald Coase, died at the age of 102. Coase had a profound influence on China's reform and opening-up. In 2008 he hosted an international seminar on ...

There's a famous joke about a dairy farmer who, hoping to increase milk production, seeks the help of a theoretical physicist at the local university. After carefully studying the problem, the ...

Subscribe for analysis that goes beyond the noise. I think the success of the Coase Theorem — because it’s discussed all over the place — is an interesting illustration of what’s wrong with economics ...

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.

Forbes contributors publish independent expert analyses and insights. I cover the economics of the sports industry. The Coase Theorem - postulated by economist Ronald Coase in 1937 which led to a ...

The US Bank commercial above illustrates an important economic concept known as the “Coase theorem” which says that “if trade in an externality [a blocked view in this example] is possible and there ...

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 ...

Ronald H. Coase was one of the most interesting and influential economists of his century. He was born in 1910 in a suburb of London and recently passed away at the age of 102 in Chicago, close to the ...

EARLIER this week Ronald Coase, a winner of the economics Nobel and one of the most important economists of the past century, died at 102. This week's Free exchange column looks at his life and ...

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 ...