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 ...

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 ...

Coase's most famous contribution is the Coase Theorem, which holds that the problem of externalities—that is, me taking an action that imposes a cost on you—can be fixed without government action so ...

In the United States no one may operate a broadcasting station unless he first obtains a license from the Federal Communications Commission. These licenses are not issued automatically but are granted ...

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 Concise Encyclopedia of Economics begins its article on public goods and externalities with the statement that “most economic arguments for government intervention are based on the idea that the ...

Gene Weingarten, whose work I normally love, is currently running an inane campaign to get people to stop reclining their seats in economy class on airplanes. He’s even put together a ...

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 ...

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.