Costly enforcement of property rights and the Coase theorem

Economic Theory

Volumn 36, Issue 1, 2008, Pages 109-128

  Robson, Alex ^a   Skaperdas, Stergios ^b  

^a AUSTRALIAN NATIONAL UNIVERSITY   (Australia)

^b UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Coase theorem; Contests; Property rights

Indexed keywords

EID: 41849148656     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-007-0268-x     Document Type: Article

References (36)

1. Anbarci N., Skaperdas S., Syropoulos C. (2002) Comparing bargaining solutions in the shadow of conflict: how norms against threats can have real effects. J Econ Theory 106: 1-16
2. Anderlini L., Felli L. (2006) Transaction costs and the robustness of the coase theorem. Econ J 116: 223-245
3. Becker G., Stigler G. (1974) Law enforcement, malfeasance, and compensation of enforcers. J Legal Stud 3: 1-18
4. Benson, B.: The Enterprise of Law: Justice Without the State. San Francisco: Pacific Research Institute for Public Policy (1990)
5. Bernardo A., Talley E., Welch I. (2000) A theory of legal presumptions. J Law Econ Organ 16: 1-49
6. Binmore K., Rubinstein A., Wolinsky A. (1986) The Nash bargaining solution in economic modeling. Rand J Econ 17: 176-188
7. Buchanan J. (1989) Notes on irrelevant externalities, enforcement costs, and the atrophy of property rights. In: Tollison R., Vanberg V. (eds). Explorations into Constitutional Economics. College Station, Texas A&M University Press
8. Chipman, J.: A close look at the Coase theorem. In: Buchanan, J., Monissen, B. (eds.) The Economist's Vision: Essays in Modern Economic Perspectives; for Hans G. Monissen on the Occasion of His 60th Birthday. Frankfurt am Main: Campus Verlag (1998)
9. Clark D., Riis C. (1998) Contest success functions: an extension. Econ Theory 11: 201-204
10. Coase R. (1960) The problem of social cost. J Law Econ 3:1-44
11. Coase R. (1992) The institutional structure of production. Am Econ Rev 82: 713-719
12. Cooter R., Rubinfeld D. (1989) The economic analysis of legal disputes and their resolution. J Econ Lit 27: 1067-97
13. Cornes R., Hartley R. (2005) Asymmetric contests with general technologies. Econ Theory 26: 923-946
14. Demsetz H. (1972) When does the rule of liability matter?. J Legal Stud 1: 13-28
15. Farmer A., Pecorino P. (1999) Legal expenditure as a rent seeking game. Public Choice 100: 271-288
16. Farnsworth W. (1999) Do parties in nuisance cases bargain after judgment?. A glimpse inside the cathedral. Univ Chic Law Rev 66: 373-436
17. Farrell J. (1987) Information and the Coase theorem. J Econ Perspect 1: 113-129
18. Garfinkel M., Skaperdas S. (2000) Conflict without misperceptions or incomplete information. J Conflict Resolut 44: 793-807
19. Glazer A., Konrad K. (1999) Taxation of rent-seeking activities. J Public Econ 72: 61-72
20. Grossman S., Hart O. (1986) The costs and benefits of ownership: a theory of vertical and lateral integration. J Polit Econ 84: 691-719
21. Hart O. (1995) Firms, Contracts, and Financial Structure. Oxford, Clarendon Press
22. Hay B., Spier K. (1998) Settlement of litigation. In: Newman P. (eds). The New Palgrave Dictionary of Economics and the Law. New York, Stockton Press, pp. 1-2
23. Hirshleifer J. (2001) The Dark Side of the Force. New York, Cambridge University Press
24. Hirshleifer J., Osborne E. (2001) Truth, effort and the legal battle. Public Choice 108: 169-195
25. Hurwicz L. (1995) What is the Coase theorem?. Jpn World Econ 7:49-74
26. Katz A. (1988) Judicial decisionmaking and litigation expenditure. Int Rev Law Econ 8: 127-143
27. Luce D. (1959) Individual Choice Behavior: A Theoretical Analysis. New York, Wiley
28. McKelvey R., Page T. (2000) An experimental study of the effect of private information in the Coase theorem. Exp Econ 3: 187-213
29. Myerson R., Satterthwaite M. (1983) Efficient mechanisms for bilateral trading. J Econ Theory 28: 265-281
30. Riddell W. (1981) Bargaining under uncertainty. Am Econ Rev 71:579-590
31. Schelling T. (1960) The Strategy of Conflict. Cambridge, Harvard University Press
32. Skaperdas S. (1996) Contest success functions. Econ Theory 7:283-290
33. Stigler G. (1970) The optimum enforcement of laws. J Polit Econ 78: 526-536
34. Ulen T. (1991) Flogging a dead pig: Professor Posin on the Coase theorem. Wayne Law Rev 38: 91-105
35. Usher D. (1998) The Coase theorem is tautological, incoherent or wrong. Econ Lett 61: 3-11
36. Varian, H.: Intermediate Microeconomics: A Modern Approach. 6th edn. New York: W.W. Norton (2003)