Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
resource allocation
private bargaining |
| gptkbp:assumes |
well-defined property rights
zero transaction costs |
| gptkbp:citation |
gptkb:public_policy
property law environmental economics |
| gptkbp:criticizedFor |
unrealistic assumptions about transaction costs
|
| gptkbp:field |
law and economics
microeconomics |
| gptkbp:formedBy |
gptkb:Ronald_Coase
|
| gptkbp:hasConcept |
if property rights are well-defined and transaction costs are zero, parties will bargain to an efficient outcome regardless of initial allocation of rights
|
| https://www.w3.org/2000/01/rdf-schema#label |
Coase theorem
|
| gptkbp:influenced |
gptkb:law_and_economics_movement
|
| gptkbp:namedAfter |
gptkb:Ronald_Coase
|
| gptkbp:publishedIn |
gptkb:The_Problem_of_Social_Cost
|
| gptkbp:relatedTo |
gptkb:Pigovian_tax
externalities market failure |
| gptkbp:yearProposed |
1960
|
| gptkbp:bfsParent |
gptkb:Ronald_Coase
gptkb:law_and_economics_movement |
| gptkbp:bfsLayer |
5
|