Questions tagged [coasian-bargaining]

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Does the Coase Theorem account for malicious externalities?

The wikipedia page has a good summary: Coase developed his theorem when considering the regulation of radio frequencies. Competing radio stations could use the same frequencies and would therefore ...
4
votes
1answer
345 views

Relationship between Nash and Coasian bargaining solutions

What is the relationship or difference between Nash and Coasian bargaining solutions? It is well-known that the Nash bargaining solution satisfies certain basic axioms. Which of these does the Coasian ...
6
votes
1answer
96 views

Pricing a negative externality under high uncertainty and severe non-linearity

Take a negative externality such as excess greenhouse gas emissions. We know some awkward things about the economic cost of this externality: There is fairly large uncertainty about the timing of ...