Coase Conference 2009

The articles here were presented at the Coase Conference of 2009, designed to bring together scholars in honor of the life of Dr. Ronald Coase. Topics include spectrum allocation policy, property rights, market efficiency concepts, and theory of the firm.

Coase Conference Research

Posner: Keynes and Coase

Posner: Keynes and Coase

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Richard A. Posner, U.S. Court of Appeals for the Seventh Circuit, Senior Lecturer, University of Chicago School of Law.   At first glance Keynes and Coase have nothing in common except that they w[...]
Commercial Advertising and the First Amendment

Commercial Advertising and the First Amendment

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School.  Geoffrey R. Stone, Edward H. Levi Distinguished Service Professor of the University of Chicago Law School. In his path-breaking 1977 article, Advertising and Free Speech, Ronald Coase challenged the conven[...]
Regulation and the Nature of the Firm: The Case of U.S. Regional Airlines

Regulation and the Nature of the Firm: The Case of U.S. Regional Airlines

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Michael E. Levine, Distinguished Research Scholar Senior Lecturer at the New York University School of Law. The organization of airline networks, and particularly of the interaction between the less dense part[...]
Measuring Coase's Influence

Measuring Coase's Influence

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. William M. Landes, Clifton R. Musser Professor of Law and Economics, University of Chicago Law School, Sonia Lahr-Pastor, Research Scholar. Citations measure a scholar’s influence. That Ronald Coase is among the [...]
R.H. Coase and the Neoclassical Model of the Economic System

R.H. Coase and the Neoclassical Model of the Economic System

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School.  Harold Demsetz, Professor Emeritus, UCLA Department of Economics. It is clear from articles I have written for the New Palgrave Dictionary of Law and Economics and other publications that I have high regard fo[...]
Competence as a Random Variable: One More Tribute to Ronald Coase

Competence as a Random Variable: One More Tribute to Ronald Coase

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School.  Richard A. Epstein, James Parker Hall Distinguished Service Professor of Law at the University of Chicago. The work of Ronald Coase is notable for how it introduces the notion of transactions costs to explain [...]
How to Keep a Secret: The Decisive Advantage of Corporations

How to Keep a Secret: The Decisive Advantage of Corporations

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School.  Robert Cooter, Herman F. Selvin Professor of Law and Director of the Program in Law and Economics at the UC Berkeley School of Law. In the 1950s socialists around the world built gigantic steel plants like[...]
Why the Entry Regulation of the China Mobile Phone Manufacturing Industry Collapsed: The Impact of Technological Innovation on Institutional Transformation

Why the Entry Regulation of the China Mobile Phone Manufacturing Industry Collapsed: The Impact of Technological Innovation on Institutional Transformation

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Zhimin Liao, Coase Institute Fellow and currently an L.L.M. candidate at Harvard Law School (2009-2010), Xiofang Chen, Coase Institute Fellow and Ph.D. candidate at Renmin University of China (2008-2011). Thi[...]
Radio Spectrum and the Disruptive Clarity of Ronald Coase

Radio Spectrum and the Disruptive Clarity of Ronald Coase

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Thomas W. Hazlett, Professor of Law & Economics, George Mason University School of Law, David Porter, Donna and David Janes Endowed Chair in Experimental Economics, Chapman University, Vernon L. Smith, Profe[...]
Coase and the New Zealand Spectrum Reforms

Coase and the New Zealand Spectrum Reforms

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Charles L. Jackson, Adjunct Professor of Electrical Engineering, George Washington University. In 1989, New Zealand’s Parliament enacted a new statute, the Radiocommunications Act 1989, that expli[...]
Coase, Transaction Costs, and the Spread of the Rectangular Survey for Land Demarcation within the British Empire

Coase, Transaction Costs, and the Spread of the Rectangular Survey for Land Demarcation within the British Empire

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School 2011. Gary D. Libecap, Bren School of Environmental Science and Management and Department of Economics, University of California, Santa Barbara, Dean Lueck, Dept. of Agricultural & Resource Economics, The U[...]
The Effect of Allowance Allocation on Cap-and-Trade System Performance

The Effect of Allowance Allocation on Cap-and-Trade System Performance

Coase Conference: Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase, University of Chicago Law School. Robert W. Hahn, Senior Visiting Fellow, Smith School, Oxford, Robert N. Stavins, Albert Pratt Professor of Business and Government, Harvard Kennedy School. We begin with “The Problem of Social Cost” (1960) … [...]