Overview

Ronald H. Coase, one of the most innovative and provocative economists of the twentieth century, has had a lasting influence in economics, law and economics, organization theory, management and political science. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars, including two Nobel Laureates, offer the first global assessment of the initial impact of Coase's work and the continuing inspiration that researchers and policy makers find in his contributions.The book presents a review of the continuing power of Coase's work, including the reshaping of public policies with particular respect to public utilities and network industries. Further chapters explore research programmes that he initiated including the concept of transaction costs and the analysis of property rights, especially in terms of the regulation of the communications industry and the creation of markets for the right to pollute. The book clearly demonstrates the originality of Coase's work and the challenge that it posed to conventional perspectives which has been a hallmark of his research throughout his life, from his initial view on the nature of the firm to his recent analysis of the development of capitalism in China. Less well-known features of Coase's research going beyond his famous papers on 'The Nature of the Firm' and 'The Problem of Social Cost' are also explored in detail. From economics to public policy, this complete and thorough assessment of Coase's vast contribution will be an invaluable reference to all those interested in the many areas influenced by this great economist. Contributors: D.W. Allen, K.J. Arrow, B. Arruñada, Y. Barzel, E. Bertrand, R.R.W. Brooks, J.N. Drobak, G.W. Evans, W. Farnsworth, J. Farrell, K. Foss, N.J. Foss, R.F. Freeland, J. Groenewegen,R. Guesnerie, F. Gul, T.W. Hazlett, P.G. Klein, G.D. Libecap, S.G. Medema, C. Ménard, M.W. Moszoro, J.H. Mulherin, J.V.C. Nye, S. Pratten, M.M. Shirley, P.T. Spiller, J. Thomas, P. de Vries, N. Wang, O.E. Williamson

Full Product Details

Author:   Claude Menard ,  Elodie Bertrand
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.50cm , Length: 23.40cm
Weight:   0.716kg
ISBN:  

9781782547983

ISBN 10:   1782547983
Pages:   384
Publication Date:   26 February 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active

Table of Contents

Contents: Introduction Claude Ménard and Elodie Bertrand PART I: COASE IN CONTEXT 1. Ronald Coase: The Makings of an Iconoclast Mary M. Shirley 2. Coase and the London School of Economics in the 1920s-1940s Jim Thomas 3. The Transaction Cost Economics Project: Origins, Evolution, Utilization Oliver E. Williamson PART II: FOUNDATIONS: KEY CONCEPTS 4. Coase’s Theory of the Firm: The Next Steps Kenneth J. Arrow 5. Revisiting Coase on Anticipations and the Cobweb Model George W. Evans and Roger Guesnerie 6. Coase’s Contribution to Contract Theory Douglas W. Allen and Yoram Barzel 7. Coase on Property Rights John N. Drobak 8. Coasean Bargaining to Address Environmental Externalities Gary D. Libecap 9. Coase on the Nature and Assessment of Social Institutions Stephen Pratten PART III: FIRM AND ORGANIZATION THEORY 10. The Holdup Game Richard R. W. Brooks 11. The Employment Relation and Coase’s Theory of the Firm Robert F. Freeland 12. Managerial Authority in the Coasean Firm: An Entrepreneurial Perspective Kirsten Foss, Nicolai J. Foss and Peter G. Klein 13. The Realistic Method of Ronald Coase: Lessons for Research on Mergers and Acquisitions J. Harold Mulherin 14. Ronald H. Coase and the Economics of Network Infrastructure Claude Ménard PART IV: MARKET: STRUCTURE AND REGULATION The Coase Conjecture Faruk Gul 16. What do We Really Know About Durable Goods Monopolies? The Coase Conjecture in Economics and its Relevance for the Safety Razor Industry John V.C. Nye 17. Coase and Demsetz on Property Rights: The Case of Radio Spectrum Thomas W. Hazlett 18. Coase and the Regulation of Public Utilities John Groenewegen and Piet De Vries 19. Coase and the Transaction Cost Approach to Regulation Marian W. Moszoro and Pablo T. Spiller 20. Emerging Markets: What Can We Learn from Ronald Coase Ning Wang PART V: LAW AND PROPERTY RIGHTS 21. Ronald Coase and the Legal–Economic Nexus Steven G. Medema 22. Coase and the Departure from Property Benito Arruñada 23. Coase’s Empirical Studies: The Case of the Lighthouse Elodie Bertrand 24. Some Failures of the Popular Coase Theorem Joseph Farrell 25. The Empirical Accuracy and Judicial Use of the Coase Theorem (Vel Non) Ward Farnsworth Index

Reviews

`These papers add up to an impressive commentary on Coase's wide-ranging contributions. All pay tribute to his work while offering a critical appraisal that suggests lines for future research.' -- Economic Affairs

'These papers add up to an impressive commentary on Coase's wide-ranging contributions. All pay tribute to his work while offering a critical appraisal that suggests lines for future research.' -- Economic Affairs

Author Information

Edited by Claude Ménard, Professor of Economics, Centre d'Economie de la Sorbonne, Université de Paris (Panthéon-Sorbonne) and Elodie Bertrand, National Center for Scientific Research, France

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