A RESPONSE TO BROOKS' SUPPORT OF DEMSETZ ON THE COASE THEOREM

dc.contributor.author	Block, Walter
dc.date.accessioned	2016-06-07T07:53:49Z
dc.date.available	2016-06-07T07:53:49Z
dc.date.issued	2010
dc.identifier.issn	1311-9206
dc.identifier.uri	http://hdl.handle.net/10610/2262
dc.description.abstract	Coase (1960) claimed that in the zero costs world, it would not matter for the allocation of resources which of two disputants were awarded the relevant property rights. Block (1977) disputed this, on the ground that it assumed that both parties would have the wherewithal with which to make the relevant bribe. Demsetz (1977) maintained that Block (1977) failed to reckon with Coase‘s (1960) explicit assumption of no wealth effects. Block (1995) disputed this claim of Demsetz‘s (1977), claiming the Coase (1960) anticipated no such thing. The next round in this debate was Demsetz (1997) who reiterated his position, followed by Block (2000) in a response to Demsetz (1997). Brook (2007) mostly takes Demsetz‘s (1977, 1997) side of this ongoing discussion. The present paper is a rejoinder to Brook (2007), supporting Block (1997, 1995, 2000).	bg_BG
dc.language.iso	en	bg_BG
dc.publisher	АИ "Ценов"	bg_BG
dc.subject	Coase	bg_BG
dc.subject	zero costs	bg_BG
dc.subject	positive costs	bg_BG
dc.subject	wealth effects	bg_BG
dc.subject	indifference curves	bg_BG
dc.title	A RESPONSE TO BROOKS' SUPPORT OF DEMSETZ ON THE COASE THEOREM	bg_BG
dc.type	Article	bg_BG