‘Unclear’ initial delineation of property boundaries and the third Coase Theorem
نویسندگان
چکیده
منابع مشابه
The Coase Theorem, Private Information, and the Benefits of Not Assigning Property Rights
Using a simple bilateral trading example with discrete valuations and costs it is demonstrated that in the presence of private information the efficiency of Coasean bargaining may be strictly enhanced if initially no property rights are assigned.
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ژورنال
عنوان ژورنال: Land Use Policy
سال: 2015
ISSN: 0264-8377
DOI: 10.1016/j.landusepol.2015.04.016