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Author: | Illing, G. |
Title: | Private information as transaction costs - the coase theorem revisited. |
Journal: | Journal of Institutional and Theoretical Economics
1992 : DEC, VOL. 148:4, p. 558-576 |
Index terms: | MICROECONOMICS INSTITUTIONAL ECONOMICS |
Language: | eng |
Abstract: | Analysis of private information as a source of transaction costs, related to Coase theorem and property rights. Model and cost function. Property rights and bargaining power. Allocation via a central co-ordination mechanism. Fixing a Pigou-tax. Government regulations. Analysis of bargaining between two firms using a model. 2 Figures illustrate the study. |
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