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dc.contributor.author
MacKenzie, Ian A.
dc.contributor.author
Ohndorf, Markus
dc.date.accessioned
2019-05-27T07:41:26Z
dc.date.available
2017-06-09T18:39:53Z
dc.date.available
2017-08-10T12:01:26Z
dc.date.available
2019-05-27T07:41:26Z
dc.date.issued
2012-01
dc.identifier.uri
http://hdl.handle.net/20.500.11850/44829
dc.identifier.doi
10.3929/ethz-a-006832410
dc.description.abstract
We investigate the efficiency of Coasean bargaining when restrictions are placed on the set of feasible bargaining outcomes. When property rights are costly to (defend) appropriate, we find bargaining restrictions may be Pareto superior to unconstrained voluntary exchange. Under cost uncertainty over the externality, we show an efficient configuration of restrictions must balance the potential reduction in appropriation costs with the possibility of allocatively inefficient bargaining restrictions. For cases where the restrictions are contested, we show conditions for the continuing existence of welfare improvements.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Coase theorem
en_US
dc.subject
Bargaining restrictions
en_US
dc.subject
Appropriation
en_US
dc.title
Restricted Coasean bargaining
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2012
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
12/156
en_US
ethz.size
31 p.
en_US
ethz.code.ddc
DDC - DDC::3 - Social sciences::330 - Economics
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D6 - Welfare Economics::D62 - Externalities
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D7 - Analysis of Collective Decision-Making::D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
en_US
ethz.code.jel
JEL - JEL::K - Law and Economics::K1 - Basic Areas of Law
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.::03361 - Schubert, Renate (emeritus) / Schubert, Renate (emeritus)
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.::03361 - Schubert, Renate (emeritus) / Schubert, Renate (emeritus)
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2017-06-09T18:40:23Z
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ECOL
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ECIT
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imp59366b196330666138
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eth:5013
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pub:73849
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yes
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ethz.availability
Open access
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ethz.rosetta.installDate
2017-07-15T11:45:00Z
ethz.rosetta.lastUpdated
2019-05-27T07:41:38Z
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