Coase theorem, complexity and transaction costs

DOI10.1016/J.JET.2006.03.014MaRDI QIDQ996376zbMATH OpenOpenAlexFDO

Authors Jihong Lee, Hamid Sabourian

Publication date 14 September 2007

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2006.03.014

zbMATH Keywords

automatonbargainingbounded rationalityCoase theoremcomplexityefficiencyrepeated gametransaction cost

Mathematics Subject Classification ID

Analysis of algorithms and problem complexity (68Q25) Multistage and repeated games (91A20) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A letter to the editor on wage bargaining
• Bargaining and markets: Complexity and the competitive outcome
• Complexity and Competition
• Costly Bargaining and Renegotiation
• Evolutionary stability in alternating-offers bargaining games
• Finite automata equilibria with discounting
• Finite automata play a repeated extensive game
• Finite automata play the repeated prisoner's dilemma
• Finite Rationality and Interpersonal Complexity in Repeated Games
• Multiperson Bargaining and Strategic Complexity
• Perfect Equilibria in a Negotiation Model
• Perfect Equilibrium in a Bargaining Model
• The Structure of Nash Equilibrium in Repeated Games with Finite Automata

Cited in

(8)

• The Coase theorem is tautological, incoherent or wrong
• On the Coase theorem and coalitional stability: The principle of equal relative concession
• Strategic complexity in repeated extensive games
• Game theory and strategic complexity
• Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem
• Computing equilibria in discounted dynamic games
• Complexity and repeated implementation
• Costly enforcement of property rights and the Coase theorem

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