Material Information |
| Title: |
Addressing Private Information in the Coase Theorem |
| Physical Description: |
Book |
| Language: |
English |
| Creator: |
Liu, Isaac |
| Publisher: |
New College of Florida |
| Place of Publication: |
Sarasota, Fla. |
| Creation Date: |
2007 |
| Publication Date: |
2007 |
Subjects |
| Subjects / Keywords: |
Coase Theorem
Private Information
Discovery |
| Genre: |
bibliography ( marcgt )
theses ( marcgt )
government publication (state, provincial, terriorial, dependent) ( marcgt )
born-digital ( sobekcm )
Electronic Thesis or Dissertation |
Notes |
| Abstract: |
The Coase Theorem is one of the most important theories in the field of Law & Economics. The Theorem claims that in the absence of transaction costs that people will be able to reach mutually beneficial and efficient agreements. Coasean transaction costs are separated into three categories: search, negotiation, and enforcement. When transaction costs are present the theorem advocates that property rights should be assigned to the most efficient users. When private information is incorporated into the Coase Theorem the efficiency and distribution of agreements between parties is affected. Private information leads to inefficient bargains, a bias in the distribution of the stakes towards the party with private information, and bargaining breakdown. The process of legal discovery addresses the effects of private information by compelling the exchange of private information between parties in a dispute. Mandatory information exchange returns the bargaining environment to one where cooperative bargaining can succeed. |
| Statement of Responsibility: |
by Isaac Liu |
| Thesis: |
Thesis (B.A.) -- New College of Florida, 2007 |
| Electronic Access: |
RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE |
| Bibliography: |
Includes bibliographical references. |
| Source of Description: |
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. |
| Local: |
Faculty Sponsor: Coe, Richard |
Record Information |
| Source Institution: |
New College of Florida |
| Holding Location: |
New College of Florida |
| Rights Management: |
Applicable rights reserved. |
| Classification: |
local - S.T. 2007 L78 |
| System ID: |
NCFE003812:00001 |
|
Material Information |
| Title: |
Addressing Private Information in the Coase Theorem |
| Physical Description: |
Book |
| Language: |
English |
| Creator: |
Liu, Isaac |
| Publisher: |
New College of Florida |
| Place of Publication: |
Sarasota, Fla. |
| Creation Date: |
2007 |
| Publication Date: |
2007 |
Subjects |
| Subjects / Keywords: |
Coase Theorem
Private Information
Discovery |
| Genre: |
bibliography ( marcgt )
theses ( marcgt )
government publication (state, provincial, terriorial, dependent) ( marcgt )
born-digital ( sobekcm )
Electronic Thesis or Dissertation |
Notes |
| Abstract: |
The Coase Theorem is one of the most important theories in the field of Law & Economics. The Theorem claims that in the absence of transaction costs that people will be able to reach mutually beneficial and efficient agreements. Coasean transaction costs are separated into three categories: search, negotiation, and enforcement. When transaction costs are present the theorem advocates that property rights should be assigned to the most efficient users. When private information is incorporated into the Coase Theorem the efficiency and distribution of agreements between parties is affected. Private information leads to inefficient bargains, a bias in the distribution of the stakes towards the party with private information, and bargaining breakdown. The process of legal discovery addresses the effects of private information by compelling the exchange of private information between parties in a dispute. Mandatory information exchange returns the bargaining environment to one where cooperative bargaining can succeed. |
| Statement of Responsibility: |
by Isaac Liu |
| Thesis: |
Thesis (B.A.) -- New College of Florida, 2007 |
| Electronic Access: |
RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE |
| Bibliography: |
Includes bibliographical references. |
| Source of Description: |
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. |
| Local: |
Faculty Sponsor: Coe, Richard |
Record Information |
| Source Institution: |
New College of Florida |
| Holding Location: |
New College of Florida |
| Rights Management: |
Applicable rights reserved. |
| Classification: |
local - S.T. 2007 L78 |
| System ID: |
NCFE003812:00001 |
|