On Coasean bargaining with transaction costs

Thomas Rhoads and Jason Shogren

Applied Economics Letters, 1999, vol. 6, issue 12, 779-783

Abstract: The letter explores how transaction costs affect the efficiency and rationality of Coasian bargaining. Efficiency remained relatively robust with low transaction costs, but was significantly reduced with high transaction costs. A cheap talk protocol increased efficiency. Rationality was dominated by constrained self-interest.

Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:6:y:1999:i:12:p:779-783

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048599352150

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().