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- W3106804973 abstract "Abstract This paper first presents a historical account of the origin of the Coase Theorem. It then elaborates its significance in explaining the working of economic institutions. After expounding the concepts of transaction cost and rent dissipation, it points out an error in the Coase Theorem. Lastly, the paper propounds the Theorem of Transaction Costs Substitution as an extended and general version of the Coase Theorem." @default.
- W3106804973 created "2020-12-07" @default.
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- W3106804973 date "2020-11-26" @default.
- W3106804973 modified "2023-10-01" @default.
- W3106804973 title "On a Fallacy in the Coase Theorem and the Theorem of Transaction Costs Substitution" @default.
- W3106804973 doi "https://doi.org/10.1515/me-2020-0013" @default.
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