[lbo-talk] Coase theorem

Stephen Fromm stephen.fromm at verizon.net
Wed Jan 21 10:01:54 PST 2004


To what extent are right-wing/libertarian arguments (in things like Law and Economics) undermined to the extent that the Coase Theorem is invalid?

"Invalid"---I don't mean the usual questions about information problems, but rather endowment/wealth effects, which seems to me to entirely invalidate the result.



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