The paper analyses how an incomplete contract for allocation of property rights can be agreed upon in state-of-nature and shows that such contractual agreement has the essential feature of a borrower-lender relationship, since it inherently entails an 'intertemporal' act of exchang
We examine a setting in which property rights are initially ambiguously defined. Whether the parties...
The paper asserts that introducing endogenous outside options in the standard incomplete contract fr...
Abstract: We examine a setting in which property rights are initially ambiguously de\u85ned. Whether...
The paper analyses how an incomplete contract for allocation of property rights can be agreed upon i...
Coase’s seminal 1960 paper on externalities is associated with the so-called Coase Theorem which is ...
We construct a model in which an investment opportunity arises for a first mover before it knows the...
The Coasean theory of the firm (Coase in Economica 4:386–405, 1937) has flourished with the theory o...
In "The Problem of Social Cost", Coase (1960) used a simplified conception of property rights as the...
This paper extends the framework provided by the so-called GHM approach to a context of endogenous o...
The contractual, single-exchange framework in Coase (1960) contains the implicit assumption that exc...
We examine a setting in which property rights are initially ambiguously defined. Whether the parties...
The contractual, single-exchange framework in Coase (1960) contains the implicit assumption that ex...
The Coasean theory of the firm (Coase in Econometrica 4:386–405, 9 1937) has flourished with the th...
In this paper we investigate the possible consequences of different institutional settings (in casu ...
Economic analysis of natural resource and environmental issues inappropriately places too much empha...
We examine a setting in which property rights are initially ambiguously defined. Whether the parties...
The paper asserts that introducing endogenous outside options in the standard incomplete contract fr...
Abstract: We examine a setting in which property rights are initially ambiguously de\u85ned. Whether...
The paper analyses how an incomplete contract for allocation of property rights can be agreed upon i...
Coase’s seminal 1960 paper on externalities is associated with the so-called Coase Theorem which is ...
We construct a model in which an investment opportunity arises for a first mover before it knows the...
The Coasean theory of the firm (Coase in Economica 4:386–405, 1937) has flourished with the theory o...
In "The Problem of Social Cost", Coase (1960) used a simplified conception of property rights as the...
This paper extends the framework provided by the so-called GHM approach to a context of endogenous o...
The contractual, single-exchange framework in Coase (1960) contains the implicit assumption that exc...
We examine a setting in which property rights are initially ambiguously defined. Whether the parties...
The contractual, single-exchange framework in Coase (1960) contains the implicit assumption that ex...
The Coasean theory of the firm (Coase in Econometrica 4:386–405, 9 1937) has flourished with the th...
In this paper we investigate the possible consequences of different institutional settings (in casu ...
Economic analysis of natural resource and environmental issues inappropriately places too much empha...
We examine a setting in which property rights are initially ambiguously defined. Whether the parties...
The paper asserts that introducing endogenous outside options in the standard incomplete contract fr...
Abstract: We examine a setting in which property rights are initially ambiguously de\u85ned. Whether...
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