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Tuesday, May 12, 2020 | History

2 edition of Experimental tests of the Coase theorem with large bargaining groups found in the catalog.

Experimental tests of the Coase theorem with large bargaining groups

Elizabeth Hoffman

Experimental tests of the Coase theorem with large bargaining groups

by Elizabeth Hoffman

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  • 1 Currently reading

Published by Law and Economics Programme, Faculty of Law, University of Toronto in [Toronto] .
Written in English

    Subjects:
  • Coase, R.H.,
  • Collective bargaining

  • Edition Notes

    Includes bibliographical references.

    Statementby Elizabeth Hoffman and Matthew L. Spitzer.
    SeriesLaw and economics workshop series -- no. WSIV-8
    ContributionsSpitzer, Matthew L., University of Toronto. Faculty of Law.
    Classifications
    LC ClassificationsK487.E3L38 .WSIV-8
    The Physical Object
    Pagination51 p. ;
    Number of Pages51
    ID Numbers
    Open LibraryOL15134114M

    Downloadable (with restrictions)! The Political Coase Theorem (PCT) states that, in the absence of transaction costs, agents should agree to implement efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to explore how commitment problems undermine the validity of the PCT. Experimental Tests of the Coase Theorem with Large Bargaining Groups, 15 J. LEGAL. STUDIES () (with Elizabeth Hoffman). Fear and Loathing in the Coase Theorem: Experimental Tests Involving Physical. Discomfort, 16 J. LEGAL STUDIES () (with Don L. Coursey and Elizabeth Hoffman). Book Review (of J. GREGORY SIDAK, FOREIGN File Size: KB.

    For those eager to learn more about the phenomenon that is the Coase theorem, this collection makes an excellent resources, one that exposes the reader to both the grand themes of Coase theorem history and the theoretical minutia that all too often dominated the discussion - Cited by: 3. In law and economics, the Coase theorem describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasean bargaining. This 'theorem.

    The question of what is the 'Coase Theorem?' has no simple answer. The majority of articles covering a variety of issues on the 'Coase Theorem' still misrepresent the main message of Coase (). The remaining controversy over the 'Coase Theorem' is because the literature on Coase () has been locked into a pathway which was set out by Stigler’s book, The Theory of Price. Abstract. Many people see collaborative decision-making as the next wave in environmental regulation. This paper examines how two elements within collaborative processes—final authority over stakeholder negotiations and information symmetry through mandated information sharing of relative payoffs—affect the efficiency and the distribution of by:


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Experimental tests of the Coase theorem with large bargaining groups by Elizabeth Hoffman Download PDF EPUB FB2

EXPERIMENTAL TESTS OF THE COASE THEOREM WITH LARGE BARGAINING GROUPS ELIZABETH HOFFMAN and MATTHEW L. SPITZER* I. INTRODUCTION IN his path-breaking paper "The Problem of Social Cost"' Ronald Coase posited that a change in a liability rule will leave agents' production and consumption decisions both unchanged and economically efficient within.

"Experimental Tests of the Coase Theorem with Large Bargaining Groups" by Elizabeth Hoffman and Matthew Spitzer By Elizabeth Hoffman and Matthew Spitzer, Published on 01/01/86 By Elizabeth Hoffman and Matthew Spitzer, Published on 01/01/86Cited by: By Elizabeth Hoffman and Matthew L.

Spitzer, Published on 01/01/83Cited by: Experimental Tests of the Coase Theorem with Large Bargaining Groups The Journal of Legal Studeies () Elizabeth Hoffman, Purdue UniversityCited by: EXPERIMENTAL EVALUATION OF THE COASE THEOREM* GLENN W.

HARRISON and MICHAEL MCKEE University of Western Ontario University of Windsor I. INTRODUCTION THE Coase Theorem is a theoretical proposition describing the out-comes of mutually advantageous bargains in the face of the generation of an externality.

Our experimental results indicate that the existence of the core is an important determinant of bargaining generally and the Coase Theorem in particular. They confirm our conjecture that when the core is empty and property rights are ill defined, Coasian efficiency breaks by: 3.

Elizabeth Hoffman & Matthew L. Spitzer, Experimental Tests of the Coase Theorem with [Journal of Law & Economics, vol. XXVIII (October )] by The University of Chicago. Research Files: "Experimental Tests of the Coase Theorem with Large Bargaining Groups" Research Files: "Experimental Tests of the Large Bargaining Groups" Research Materials: National Science Foundation Proposal with Marsden and Whinston.

labor law.4 My thesis is that the Coase Theorem applies to a large and important class of labor law issues. In this class, arguments based on industrial peace are misplaced, because the law cannot promote industrial peace when the Coase Theorem applies.

Specifically, industrial-peace arguments are irrelevant when theCited by: 6. Hoffman E, Spitzer ML () Experimental tests of the Coase theorem with large bargaining groups.

J Leg Stud 15(1)– CrossRef Google Scholar Hylan TR, Lage MJ, Treglia M () The Coase theorem, free agency, and major league baseball: a panel study of pitcher mobility from to Elizabeth Hoffman and Matthew L. Spitzer (), ‘The Coase Theorem: Some Experimental Tests’ Glenn W. Harrison and Michael McKee (), ‘Experimental Evaluation of the Coase Theorem?’ Elizabeth Hoffman and Matthew L.

Spitzer (), ‘Experimental Tests of the Coase Theorem with Large Bargaining Groups’ Experimental Tests of the Coase Theorem with Large Bargaining Groups By Elizabeth Hoffman and Matthew L. Spitzer Topics: EconomicsAuthor: Elizabeth Hoffman and Matthew L. Spitzer. Abstract We examine experimentally the bargaining process and the final allocation of payoffs in games that differ in terms of whether the core exists and in the initial allocation of property rights among the players.

This paper highlights the interaction among property rights, transaction costs, and the empty core. Our experimental results indicate that the existence of the core is an Cited by: 3.

Hoffman, Elizabeth Spitzer, Matthew Experimental Tests of the Coase Theorem with Large Bargaining Groups Journal of Legal Studies 15 Hotelling, Harold Stability in Competition Economic Journal 39 41Cited by: 6. Experimental Tests of the Endowment Effect and the Coase Theorem Daniel Kahneman.

University of California, Berkeley. Jack L. Knetsch. Simon Fraser University. Richard H. Thaler. Cornell University. Contrary to theoretical expectations, measures of willingness to ac- cept greatly exceed measures of willingness to pay.

Experimental Tests of the Coase Theorem with Large Bargaining Groups.” (). Experimental Tests of the Endowment Effect and the Coase Theorem.” (). Fairness in Bargaining Requires a Context An Experimental ().

Experimental Tests of the Endowment Effect and the Coase Theorem then the distribution of values in the two groups should be undertrading in bilateral negotiations and provides a test of.

known as the Coase Theorem. Theorem(s) and Implications 2. Theorem(s) Although Coase had set forth this idea already in ‘The Federal Communications Commission’ (Coase,p. 27), the first formal statement of the Coase Theorem did not come untilwhen George Stigler (, Size: KB.

‘ The Coase Theorem: some experimental tests ’. Journal of Law and Economics, 73 Hoffman, Elizabeth and Spitzer, Matthew L. ‘ Experimental tests of the Coase Theorem with large bargaining groups ’. Journal of Legal Studies, – Hovenkamp, Herbert J.

Cited by: Downloadable. This two-volume collection provides an overview of essential works for understanding one of the most important contributions to the field of law and economics: the Coase Theorem.

A variety of prominent scholars contribute crucial essays, each exploring different aspects of Coase’s work. Volume I explores the origins, restatements and extensions of Coase’s Theorem and contains. Glenn W. Harrison and Michael McKee (), 'Experimental Evaluation of the Coase Theorem', Journal of Law and Economics, 28 (3), October, Elizabeth Hoffman and Matthew L.

Spitzer (), 'Experimental Tests of the Coase Theorem with Large Bargaining Groups', Journal of Legal Studies, 15 (1), January, Hoffman, E.

and M. Spitzer,Entitlements, rights, and fairness: An experimental examination of subjects' concepts of distribution justice, Journal of Legal Stud Hoffman, E. and M. Spitzer,Experimental tests of the Coase theorem with large bargaining groups, Journal of Legal Stud Cited by: Evaluation of the Coase Theorem', Journal of Law and Economics, 28 (3), October, Elizabeth Hoffman and Matthew L.

Spitzer (), 'Experimental Tests of the Coase Theorem with Large Bargaining Groups', Journal of Legal Studies, 15 (1), January, Glenn W. Harrison, Elizabeth Hoffman, E.E. Rutstrom and.