## Psychology Dictionary of ArgumentsHome | |||

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Coase Theorem - Psychology Dictionary of Arguments | |||

Coase Theorem: The Coase Theorem, proposed by economist Ronald Coase, asserts that in the absence of transaction costs, bargaining between parties will lead to an efficient allocation of resources regardless of the initial assignment of property rights, as long as property rights are well-defined and parties can negotiate freely. The Coase theorem explains for the first time why companies are formed._____________ Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||

Author | Item | More concepts for author | |
---|---|---|---|

Coase, Ronald | Coase Theorem | Coase, Ronald | |

Economic Theories | Coase Theorem | Economic Theories | |

Holt, Charles A. | Coase Theorem | Holt, Charles A. | |

Kahneman, Daniel | Coase Theorem | Kahneman, Daniel | |

Miceli, Thomas J. | Coase Theorem | Miceli, Thomas J. | |

Sullivan, Sean P. | Coase Theorem | Sullivan, Sean P. | |

Ed. Martin Schulz, access date 2024-09-20 |