The problem of social cost
Abstract
This chapter contains section titled: The Problem to be Examined The Reciprocal Nature of the Problem The Pricing System with Liability for Damage The Pricing System with No Liability for Damage The Problem Illustrated Anew The Cost of Market Transactions Taken into Account The Legal Delimitation of Rights and the Economic Problem
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Even the law and economics perspective relies on courts enforcing elaborate contracts, which in most countries cannot be taken for granted.
“Note that even this perspective, originating in the Coase (1961) theorem, relies on courts enforcing elaborate contracts, which in most countries cannot be taken for granted.”
From Investor protection and corporate governance (2000) · cites this paper as Coase (1961)
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- Authors
- Coase, R. H.
- Corresponding author
- Coase, R. H.
- Venue
- The Journal of Law and Economics
- Publisher
- University of Chicago Press
- Published
- 1960-10
- Volume
- 3
- Issue
- 4
- Pages
- 1-44
- ISSN
- 0022-2186
- 1537-5285
- OpenAlex
- W2131740028
- Cited by
- 18,255
- References
- 1
- Citations by year
- 2026: 498 · 2025: 637 · 2024: 532 · 2023: 603 · 2022: 532 · 2021: 633 · 2020: 590 · 2019: 691 · 2018: 669 · 2017: 600 · 2016: 617 · 2015: 694 · 2014: 720 · 2013: 748 · 2012: 710
- FWCI
- 114.00
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Palgrave Macmillan UK eBooks (publishedVersion)
- The Journal of Law and Economics (publishedVersion)
- Princeton University Press eBooks (publishedVersion)
- University of Toronto Press eBooks (publishedVersion)
- bepress Legal Repository (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Dialnet (Universidad de la Rioja)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Law, Economics, and Judicial Systems
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Legal and Constitutional Studies
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
- Keywords
- Coase theorem, social costs, externalities, liability for damages, pricing system, market transactions, property rights, transaction costs
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