SAGE Reference - International Encyclopedia of Organization Studies

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Coase Theorem

In: International Encyclopedia of Organization Studies
Edited by: Stewart R. Clegg & James R. Bailey
Subject:Organization Studies (general), Occupational/Industrial Psychology
Keywords:Coase Theorem; market failure

The Coase theorem is the claim that in situations involving external costs like air pollution, the efficient allocation of resources can be achieved regardless of the legal assignment of responsibility, provided that the affected parties can bargain costlessly. Because it has ...

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  Clegg, S. R., & Bailey, J. R. (2008). Coase theorem. In International encyclopedia of organization studies (Vol. 1, pp. 181-181). SAGE Publications, Inc., https://dx.doi.org/10.4135/9781412956246.n63
  
  Clegg, Stewart R., and James R. Bailey. "Coase Theorem." In International Encyclopedia of Organization Studies, edited by Clegg, Stewart R., and James R. Bailey, 181-181. Thousand Oaks, CA: SAGE Publications, Inc., 2008. https://dx.doi.org/10.4135/9781412956246.n63.
  
  Clegg, S. R. and Bailey, J. R. 2008. Coase Theorem. In: Stewart R. Clegg and James R. Bailey Editors, 2008. International Encyclopedia of Organization Studies, Thousand Oaks, CA: SAGE Publications, Inc. pp. 181 Available at: <https://dx.doi.org/10.4135/9781412956246.n63> [Accessed 3 Jul 2022].
  
  Clegg, Stewart R. and James R. Bailey. "Coase Theorem." International Encyclopedia of Organization Studies. Edited by Vol. 1. Thousand Oaks: SAGE Publications, Inc., 2008, pp. 181-181. SAGE Knowledge. 3 Jul 2022, doi: https://dx.doi.org/10.4135/9781412956246.n63.
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