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.

At 101 years old, renowned University of Chicago Law School economist Ronald H. Coasehas never stopped generating new ideas or giving his witty, confident take on past intellectual skirmishes. His ...

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 ...

[CORRECTION: As mentioned in the comments under this post on Sightline, this discussion of the “Coase theorem” contains several errors — most notably, that Coase himself did not present his arguments ...

Coase taught us why companies make sense, and why the polluter-pay principle doesn’t It has been said of Ronald Coase, who died on Monday aged 102, that he wrote two articles in his career, and that ...

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 ...