Economics and institutions lessons from the coase theorem
Publication
, Journal Article
Medema, SG
Published in: Revue Economique
January 1, 2014
The Coase theorem occupies an important place in the history of modern economics. Its implication that institutions are irrelevant for economic performance, though, posed great difficulties for economists, both in their treatment of the theorem per se and in their attempts to grapple with the effects of property rights and transaction costs-two key features of the institutional underpinnings of the economy. This article explores how the Coase theorem and its treatment by economists point to the importance of institutions and the tensions within modern economics that were revealed by these efforts. © Presses de Sciences Po.
Duke Scholars
Published In
Revue Economique
DOI
ISSN
0035-2764
Publication Date
January 1, 2014
Volume
65
Issue
2
Start / End Page
243 / 261
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 2202 History and Philosophy of Specific Fields
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Medema, S. G. (2014). Economics and institutions lessons from the coase theorem. Revue Economique, 65(2), 243–261. https://doi.org/10.3917/reco.652.0243
Medema, S. G. “Economics and institutions lessons from the coase theorem.” Revue Economique 65, no. 2 (January 1, 2014): 243–61. https://doi.org/10.3917/reco.652.0243.
Medema SG. Economics and institutions lessons from the coase theorem. Revue Economique. 2014 Jan 1;65(2):243–61.
Medema, S. G. “Economics and institutions lessons from the coase theorem.” Revue Economique, vol. 65, no. 2, Jan. 2014, pp. 243–61. Scopus, doi:10.3917/reco.652.0243.
Medema SG. Economics and institutions lessons from the coase theorem. Revue Economique. 2014 Jan 1;65(2):243–261.
Published In
Revue Economique
DOI
ISSN
0035-2764
Publication Date
January 1, 2014
Volume
65
Issue
2
Start / End Page
243 / 261
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 2202 History and Philosophy of Specific Fields
- 1401 Economic Theory