Theme of the Lecture: when can institutions not improve efficiency? When can we not improve upon market outcomes? Coase Theorem: Efficiency and Bargaining -- closely related to value maximization.
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Michael Boyle is an experienced financial ...
Planning Theory, Vol. 14, No. 1 (2015), pp. 44-69 (26 pages) AbstractThis article elucidates a novel and powerful Fourth Coase Theorem using Coase's own reasoning and extending the First Coase Theorem ...
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