Foundational Literature · 1960
Questions of This Material
Among multiple institutions addressing the same externality, what criteria should be used for selection?
Bibliographic Information
- Title
- The Problem of Social Cost
- Author
- R. H. Coase
- Year of Publication
- 1960
- Publisher/Medium
- The Journal of Law and Economics 3, 1–44
- Material Type
- Foundational literature
- Full Text and Bibliography
- Check Full Text and Bibliographic Information
Korean Reading Guide
This work examines actions affecting each other from the perspectives of rights allocation and transaction costs. Focus is given to the problem of comparing different institutions, including negotiation costs and the difficulty of enforcement.