The Cost of Coase, 11
J. Legal Stud.
Available at: http://scholarship.law.berkeley.edu/facpubs/84
Explores the economic theory of externalities and the common-law tradition concerning torts and nuisance introduced by Ronald Coase in 1960. Applicability of the generalizations; Correction of externalities through liability law, taxes and transferable property rights; Bargains of the Coase Theorem.