...1655. Of the many writings in this area those which I have found particularly important are Ronald Coase, "The Problem of Social Cost," Journal of Law and Economics 3 (1960): 1; Harold Demsetz, "Some Aspects of Property Rights," Journal of Law and Economics 9 (1966) : 61, Demsetz,...

...Economic Analysis of Law, p. 131. 35 Epstein, 'A Theory of Strict Liability,' pp. 164-5. 36 Ronald Coase, 'The Problem of Social Cost,' Journal of Law and Economics 3 (1960): 1. The question is how important all this is morally. A undertakes an activity which exposes B to danger....

...written UJ = U' (Yi). 5. This is the collective or public goods equivalent of the Coase theorem. Cf. RH Coase, "The Problem of Social Cost," Journal of Law and Economics 3 (1960): 1-44. 1n the transactions-costs rubric we must, of course, here include free rider and preference revelation...

...Hopkins University Press, 1969). 15 Crutchfield and Pontecorvo, The Pacific Salmon Fisheries, pv 16 RH Coase, "The Problem of Social Cost," Journal of Law and Economics, 3 (1960): 1-44; see also Richard A. Posner, The Economics of Justice, (Cambridge, MA: Harvard University Press,...

..."Efficiency, Utility, and Wealth Maximization," Chapter 4 in this volume. 5 The theorem is developed in R. Coase, "The Problem of Social Cost," Journal of Law and Economics 3 (1960): 1. 6 Commentators often assert that the Coase theorem requires that parties to the negotiations have...

...they were costless, otherwise would be made. 30 The argument for this second factor borrows from RH Coase, "The Problem of Social Cost," Journal of Law and Economics, 3 (1960): 1-44, al 15-19. 220 If these constraining factors operate in a given case, they limit radical change...

...introduction to public good theory, see y. Ng, Welfare Economics (London: Macmillan, 1979). 13 However, see RH Coase, 'The Problem of Social Cost', Journal of Law and Economics , 3 (1960), 1-44, for a theory of how conventional 'externalities' may be 'internalised' within the rules of a...

...impediments to bargaining, the two firms acting together will negotiate an optimal outcome. See RH Coase, "The Problem of Social Cost," Journal of Law and Economics, 3 (1960): 1-44. 17. One leading figure in this new association is the sociologist Amitai Etzioni, whose book...

...requirement in tort law, and attempt to devise a system of liability that does not employ it, is RH Coase, "The Problem of Social Cost," Journal of Law and Economics 3 (1960): 1-44. See also Guido Calabresi, The Costs of Accidents: A Legal and Economic Analysis (New Haven: Yale...

...victimized state can reach a favorable outcome by paying the polluting state to reduce. See Ronald Coase, "The Problem of Social Cost," Journal of Law and Economics 3 (1960), 1-44. For a discussion concerning environmental politics, see Ralph C. d'Arge and Allen V. Kncese....