Ronald H. Coase was one of the most interesting and influential economists of his century. He was born in 1910 in a suburb of London and recently passed away at the age of 102 in Chicago, close to the ...

In economic activity, there are sometimes 'externalities' or spillover effects to other people not involved in the original exchange. Positive externalities result in beneficial outcomes for others, ...

The Observer: Professor Coase said many times that the Coase Theorem should be understood as saying that transaction costs cannot be neglected and that the initial allocation of property rights ...

Coase's most famous contribution is the Coase Theorem, which holds that the problem of externalities—that is, me taking an action that imposes a cost on you—can be fixed without government action so ...

The death of the great economist Ronald Coase has led to a lot of discussions of his work on bargaining as a solution to externalities. This gives me occasion to discuss a limitation to so-called ...

The blog is named after Seeing the Invisible, the title of a book on economics for children that Sanjeev wrote in 2018. Economics involves the study of incentives, motivations and information flows ...

In the United States no one may operate a broadcasting station unless he first obtains a license from the Federal Communications Commission. These licenses are not issued automatically but are granted ...

Editor's note: On September 2, 2013 Nobel Laureate Ronald Coase, died at the age of 102. Coase had a profound influence on China's reform and opening-up. In 2008 he hosted an international seminar on ...