Kellogg School of Management

The Coase Theorem and the First Welfare Theorem

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.
The Bulletin

Here's The Key Thing You Should Know About Ronald Coase, The Great Economist Who Died Yesterday At 102

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 ...
Forbes

West Virginia's $20 Million Settlement is Textbook Case of Coase Theorem

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 ...
American Enterprise Institute

VIDEO: The ‘Coase Theorem’ in Action

The US Bank commercial above illustrates an important economic concept known as the “Coase theorem” which says that “if trade in an externality [a blocked view in this example] is possible and there ...
JSTOR Daily

The Fourth Coase Theorem: State planning rules and spontaneity in action

Planning Theory, Vol. 14, No. 1 (2015), pp. 44-69 (26 pages) AbstractThis article elucidates a novel and powerful Fourth Coase Theorem using Coase's own reasoning and extending the First Coase Theorem ...