Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem

DOI10.2307/2526916MaRDI QIDQ5288089zbMATH OpenOpenAlexFDO

Authors John Payne Bigelow

Publication date 30 September 1993

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2526916

zbMATH Keywords

side-paymentsbimatrix gameCoase theoreminduced equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Recommendations

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• Efficiency and imperfect competition with incomplete markets.
• Fundamental nonconvexities in Arrovian markets and a Coasian solution to the problem of externalities
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• A direct proof of the Coase conjecture
• Inefficiency of equilibria with incomplete markets
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• No externalities: a characterization of efficiency and incentive compatibility with public goods
• Cooperation and efficiency in markets
• Measuring efficiency in imperfectly competitive markets: an example of rational inefficiency

Cited in

(6)

• Coase theorem, complexity and transaction costs
• Fundamental nonconvexities in Arrovian markets and a Coasian solution to the problem of externalities
• Coasian equilibrium
• Decentralization, Externalities, and Efficiency
• A solution of the externality problem using strategic matching
• scientific article; zbMATH DE number 970199 (Why is no real title available?)

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