Detail Some Uneasiness With The Coase Theorem   Oleh:  Samuelson, Paul Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 7 no. 1 (1995), page 1-8. Topik: coase theorem; uneasiness; coase theorem Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Allocation of property rights - and how they are to be defined - has important economic implications. Only in certain Santa Claus situations - constant returns to scale, infinite divisibility, free entry, dispersed ownership of each grade of factor, shared knowledge, complete markets - only then will Smithian self-interest be compelled to achieve Pareto - Optimality. To try to capture all that which contributes to deadweight loss under the verbal rubric of "transactions costs” weakens a useful concept without gaining understanding of incompleteness of markets, asymmetries of information, and insusceptibilities of various technologies to decentralized pricing algorithms. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved