Coase Competition and Compensation
Опубликовано на портале: 22-11-2004
Тематические разделы:
In a world with no transactions costs there is no reason to choose between the Coasian
and
Pigovian treatments: both come down to finding a way to achieve an efficient allocation
that Pareto
dominates some initial endowment. A mechanism that solves one problem will solve
the other.
I have described one such mechanism, the compensation mechanism here. This is, however,
only one example among many. I think that the compensation mechanism has nice theoretical
properties. The question is, how does it work in practice? I am currently carrying
out a series of
laboratory experiments to investigate this question.
Ключевые слова
bargaining coase competitive equilibrium externality Pigou конкурентное равновесие механизм вознаграждения
См. также:
[Учебная программа]
[Книга]
Econometrica.
1976.
Vol. 44.
No. 2.
P. 537-546.
[Статья]