Ronald Coase's Nobel work outlined gains by reducing transaction costs and promoting property rights and markets to confront externalities. Countering market failure assertions and calls for centralized government intervention, Coase retorted that decentralized market negotiations could be welfare-improving by promoting collaborative, efficient problem solving, and releasing resources to the general economy. Despite this, his approach is not central to any US environmental law implemented ...

當麵包師需要雞蛋時，她會從養雞戶那裡購買雞蛋。那就是市場交易。她也可以自己養雞。這就是垂直整合。現有理論認為整合可以降低成本，或增加整體利潤，但他們忽略了整合的一個重要部分：收購成本。 當考慮到這一點時，他們的結論就無效了。本書首先將羅賓遜的掠奪性獨佔理論轉化為短期理性併購理論。然後，應用全面性模型來得出長期結果。 本書並沒有一味地促進整合，而是證明最佳整合數量，及有時分拆更有利可圖。

When a baker needs eggs, she buys them from a chicken farmer. That is a market transaction. Alternatively, the baker can raise her own chickens. That is vertical integration. Existing theories claim that integration reduces costs, or increases overall profit, but they have overlooked an important part of integration: the acquisition payment. When that is taken into account, their conclusions become invalid. This book first turns Robinson’s predatory monopoly theory into a short-run rationa...

The Good Sorcerer will be the story of financial creativity in the last 40 years and how financial innovation can be harnessed to combat the worlds environmental problems. Known as the father of financial futures, author Richard Sandor has been on the forefront of financial innovation since the early 1970s, when, as a young economist he developed interest rate futures contracts at the Chicago Board of Trade. Subsequently, Sandor helped create catastrophe bonds (to mitigate weather risk), a...

Ronald Coase (1910-2013) was one of the most influential economists of the 20th century. His influence is due largely to two publications, the only two cited in the announcement of his Nobel Prize: “The Nature of the Firm” (1937) and “The Problem of Social Cost” (1960). These two articles are among the most-cited works in economics. The ideas Coase developed in these two works led to entirely new fields of inquiry in economics, law, management, and political science, and ...

Vincitore del Premio Nobel per l'economia nel 1991, Ronald Coase (1910-2013) è uno degli economisti più citati di sempre. Il suo nome è legato a due saggi: "La natura dell'impresa" (1937) e "Il problema del costo sociale" (1960), con cui ha introdotto il concetto di "costi di transazione" e chiarito come, proprio per ridurre tali costi, gli esseri umani hanno sviluppato istituzioni quali l'impresa, il mercato e il diritto. L'opera di Coase ha avuto un impatto enorme nell'economia industria...

This book is the first work dedicated to the key ideas of Nobel Laureate Ronald Coase on pollution and public goods with sustainable development in mind from the perspective of an economist-town planner. The seminal contributions of Ronald Coase, foretold in the form of the Coase Theorem by another Nobel laureate, George Stigler, have been much analyzed and often misinterpreted by friends and foes alike. In this book, Lawrence Lai attempts to revisit Coase's seminal works and bring to the ...

Bienvenue dans la collection Les Fiches de lecture d’UniversalisRonald Coase a obtenu, en 1991, le prix de sciences économiques, de la Banque de Suède, en mémoire d’Alfred Nobel, pour deux de ses articles : « The Nature of the Firm », publié en 1937 dans Economica, et « The Problem of Social Cost », publié en 1960 dans le Journal of Law and Economics.Une fiche de lecture spécialement conçue pour le numérique, pour tout savoir sur

Bienvenue dans la collection Les Fiches de lecture d’UniversalisLe destin de The Nature of The Firm (La Nature de la firme) est assez singulier dans l’histoire de la pensée économique.Une fiche de lecture spécialement conçue pour le numérique, pour tout savoir sur La Nature de la firme de Ronald Harry CoaseChaque fiche de lecture présente une œuvre clé de la littérature ou de la pensée. Cette présentation ...

Through the eyes of an inventor of new markets, Good Derivatives: A Story of Financial and Environmental Innovation tells the story of how financial innovation – a concept that is misunderstood and under attack - has been a positive force in the last four decades. If properly designed and regulated, these “good derivatives” can open vast possibilities to address a variety of global problems. Filled with provocative ideas, fascinating stories, and valuable lessons, it will provide ...