نتایج جستجو برای: coase

تعداد نتایج: 346  

Journal: :International Economic Journal 2002

Journal: :Revue internationale de l'économie sociale: Recma 2010

2006
Paul Brest

Together with his long-time colleague Daniel Kahneman, Amos Tversky, provided the intellectual infrastructure for contemporary behavioral law and economics. Prospect theory undermines the Coase Theorem, which is the bedrock of traditional law and economics; and the heuristics and biases research questions the fundamental idea of a rational self-interested decisionmaker, which is also challenged...

2011
Simon Board Marek Pycia

A buyer wishes to purchase a good from a seller who chooses a sequence of prices over time. In each period, the buyer can also exercise an outside option such as moving onto another seller. We show there is a unique equilibrium in which the seller charges a constant price in every period equal to the monopoly price against their residual demand. This result contravenes the Coase conjecture.

2013
Bruno Strulovici

This paper provides a foundation for renegotiation-proof contracts when the principal has the bargaining power and the agent has private information. In doing so, it extends the analysis of the Coase conjecture to contractual environments in which the seller and the buyer must also determine the quantity or the quality of the good being sold.

2002
Walter Beckert

This paper analyzes equilibria in sequential take-it-or-leave-it sales when demand is stochastic. It is shown that equilibria in this sales mechanism, unlike in sequential auctions, trade-off allocative efficiency and competing buyers’ opportunities to acquire an item to be sold, permitting prices and expected revenue above those of one-shot offers. Hence Coase-type conjectures are invalid in t...

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