Ronald H. Coase, one of the most innovative and provocative
economists of the twentieth century, has had a lasting influence in
economics, law and economics, organization theory, management and
political science. In this comprehensive Companion, 31 leading
economists, social scientists and legal scholars, including two
Nobel Laureates, offer the first global assessment of the initial
impact of Coase's work and the continuing inspiration that
researchers and policy makers find in his contributions.The book
presents a review of the continuing power of Coase's work,
including the reshaping of public policies with particular respect
to public utilities and network industries. Further chapters
explore research programmes that he initiated including the concept
of transaction costs and the analysis of property rights,
especially in terms of the regulation of the communications
industry and the creation of markets for the right to pollute. The
book clearly demonstrates the originality of Coase's work and the
challenge that it posed to conventional perspectives which has been
a hallmark of his research throughout his life, from his initial
view on the nature of the firm to his recent analysis of the
development of capitalism in China. Less well-known features of
Coase's research going beyond his famous papers on 'The Nature of
the Firm' and 'The Problem of Social Cost' are also explored in
detail. From economics to public policy, this complete and thorough
assessment of Coase's vast contribution will be an invaluable
reference to all those interested in the many areas influenced by
this great economist. Contributors: D.W. Allen, K.J. Arrow, B.
Arrunada, Y. Barzel, E. Bertrand, R.R.W. Brooks, J.N. Drobak, G.W.
Evans, W. Farnsworth, J. Farrell, K. Foss, N.J. Foss, R.F.
Freeland, J. Groenewegen,R. Guesnerie, F. Gul, T.W. Hazlett, P.G.
Klein, G.D. Libecap, S.G. Medema, C. Menard, M.W. Moszoro, J.H.
Mulherin, J.V.C. Nye, S. Pratten, M.M. Shirley, P.T. Spiller, J.
Thomas, P. de Vries, N. Wang, O.E. Williamson
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