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| Author: | Halpin, A. |
| Title: | Disproving the Coase theorem? |
| Journal: | Economics and philosophy
2007 : NOV, VOL. 23:3, p. 321-341 |
| Index terms: | economic theory |
| Language: | eng |
| Abstract: | This article suggests that the core of Coase's reasoning is flawed and to the extent that any version of the theorem relies on this reasoning it can be disproved. The nature of the counter-intuitive thrust to the Coase Theorem is modelled, which is used to trace the development of Coase's reasoning, and ultimately to expose the contained flaw. |
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