EconPapers    
Economics at your fingertips  
 

The ‘Coase Theorem’ vs. Coase theorem proper: How an error emerged and why it remained uncorrected so long

Altuğ Yalçıntaş ()

MPRA Paper from University Library of Munich, Germany

Abstract: The question of what is the 'Coase Theorem?' has no simple answer. The majority of articles covering a variety of issues on the 'Coase Theorem' still misrepresent the main message of Coase (1960). The remaining controversy over the 'Coase Theorem' is because the literature on Coase (1960) has been locked into a pathway which was set out by Stigler’s 1996 book, The Theory of Price. Even almost 50 years after the publication of Coase’s original article, the consequence of the initial condition under which Coase’s contribution was first formulated (Stigler 1966) is not perfectly eliminated. The evolution of the 'Coase Theorem' has now become an example to intellectual path dependence in economics.

Keywords: Ronald Coase; 'The Problem of Social Cost' (1960); The 'Coase Theorem; ' George Stigler; Replication Failure; Intellectual Path Dependence (search for similar items in EconPapers)
JEL-codes: B25 B31 B41 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/37936/1/MPRA_paper_37936.pdf original version (application/pdf)

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:pra:mprapa:37936

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2022-01-17
Handle: RePEc:pra:mprapa:37936