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Coase, Competition, and Compensation
Oleh:
Varian, Hal R.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 7 no. 1 (1995)
,
page 13-28.
Topik:
competition
;
coase
;
competition
;
compensation
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
I show that the Pigovian solution to a simple externalities problem and a particular Coasian solution can be viewed as competitive equilibria from different initial endowments. I also describe the "compensation mechanism,” a mechanism that implements either the Coasian or Pigovian solution as the outcome of an economically natural bargaining game.
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