Private property and social costs

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

This article discusses the widely cherished theme of property rights and externalities, surveying the legal and economic literature that developed around Coase's 1960 article, The Problem of Social Cost. It identifies and appraises the most notable attacks to the Coase theorem and offers an insightful examination of the state of legal and economic scholarship in the wake of Coase's postulate. In revisiting familiar passages, this article shows the pervasive methodological implications of the Coasian approach to property rights and examines the normative and practical significance of the Coasian analysis in various situations of alleged market failure.

Original languageEnglish (US)
Pages (from-to)149-173
Number of pages25
JournalEuropean Journal of Law and Economics
Volume2
Issue number2
DOIs
StatePublished - Jun 1 1995

Fingerprint Dive into the research topics of 'Private property and social costs'. Together they form a unique fingerprint.

  • Cite this