This two-volume collection provides an overview of essential works for understanding one of the most important contributions to the field of law and economics: the Coase Theorem. A variety of prominent scholars contribute crucial essays, each exploring different aspects of Coase's work. Volume I explores the origins, restatements and extensions of Coase's Theorem and contains subsections on sources, positive restatements, normative corollaries, 'Coaseanism', and Coase's intellectual legacy. Volume II considers criticisms and applications of the Coase Theorem covering surveys and applications, Coasean Bargaining, Coase and the Constitution, political markets, liability, critiques, and experimental testing of the theorem. Along with a new and original introduction, the diverse array of authors and topics makes this compendium an indispensible tool to study one of the most cited economic theories of the 20th century.
Contents: Volume I: Origins, Restatements and Extensions Acknowledgements Introduction Richard A. Posner and Francesco Parisi PART I THE SOURCES 1. R.H. Coase (1959), 'The Federal Communications Commission' 2. R.H. Coase (1960), 'The Problem of Social Cost' 3. R.H. Coase (1988), 'Notes on the Problem of Social Cost', in 'The Firm, the Market, and the Law' PART II THE POSITIVE RESTATEMENTS 4. Harold Demsetz (1964), 'The Exchange and Enforcement of Property Rights' 5. George J. Stigler (1966), 'Costs and Production' 6. George J. Stigler (1989) 'Two Notes on the Coase Theorem' 7. Richard A. Posner (2011), '3.6 Incompatible Uses' from Chapter 3 'Property' in 'Economic Analysis of Law' PART III THE NORMATIVE COROLLARIES 8. Guido Calabresi and A. Douglas Melamed (1972), 'Property Rules, Liability Rules, and Inalienability: One View of the Cathedral' 9. Ian Ayres and Eric Talley (1995), 'Solomonic Bargaining: Dividing a Legal Entitlement to Facilitate Coasean Trade' 10. Louis Koplow and Steven Shavell (1996), 'Property Rules Versus Liability Rules: An Economic Analysis' 11. Barbara Luppi and Francesco Parisi (2011), 'Toward an Asymmetric Coase Theorem' PART IV COASE THEOREM AND COASEANISM 12. Robert C. Ellickson (1989), 'The Case for Coase and Against "Coaseanism"' 13. E. Ray Canterbery and A. Marvasti (1992), 'The Coase Theorem as a Negative Externality' 14. Daniel A. Farber (1997), 'Parody Lost/Pragmatism Regained: The Ironic History of the Coase Theorem' 15. Deirdre McCloskey (1998), 'The So-Called Coase Theorem' 16. Edward Glaeser, Simon Johnson and Andrei Shleifer (2001), 'Coase Versus the Coasians' 17. Steven G. Medema (1994), 'The Myth of Two Coases: What Coase is Really Saying' PART V THE INTELLECTUAL LEGACY 18. Richard A. Posner (1993), 'Nobel Laureate: Ronald Coase and Methodology' 19. Richard A. Epstein (1993), 'Holdouts, Externalities, and the Single Owner: One More Salute to Ronald Coase' 20. Guido Calabresi (1991), 'The Pointlessness of Pareto: Carrying Coase Further' 21. Stewart Schwab (1989), 'Review: Coase Defends Coase: Why Lawyers Listen and Economists Do Not' 22. Fred R. Shapiro (1995-1996), 'The Most-Cited Law Review Articles Revisited' 23. R.H. Coase (1996), 'The Problem of Social Cost: The Citations' Volume II: Criticisms and Applications Acknowledgements An Introduction by editors to both volumes appears in Volume I PART I SURVEYS AND APPLICATIONS 1. A. Mitchell Polinsky (2011), 'The Coase Theorem', 'First Application-Nuisance Law', 'Second Application-Breach of Contract' and 'Third Application-Automobile Accidents' 2. James Halteman (2005), 'Externalities and the Coase Theorem: A Diagrammatic Presentation' 3. Robert D. Cooter (1987), 'Coase Theorem' 4. Francesco Parisi (2008), 'Coase Theorem' PART II COASEAN BARGAINING IN THE SHADOW OF THE LAW 5. Robert C. Ellickson (1986), 'Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County' 6. Kenneth R. Vogel (1987), 'The Coase Theorem and California Animal Trespass Law' 7. Timothy R. Hylan, Maureen J. Lage and Michael Treglia (1996), 'The Coase Theorem, Free Agency, and Major League Baseball: A Panel Study of Pitcher Mobility from 1961 to 1992' PART III COASE THEOREM AND THE CONSTITUTION 8. James M. Buchanan (1973), 'The Coase Theorem and the Theory of the State' 9. J. Gregory Sidak (1991), 'The Inverse Coase Theorem and Declarations of War' PART IV COASE THEOREM AND POLITICAL MARKETS 10. Varouj A. Aivazian, Jeffrey L. Callen and Irwin Lipnowski (1987), 'The Coase Theorem and Coalitional Stability' 11. Peter Bernholz (1997), 'Property Rights, Contracts, Cyclical Social Preferences and the Coase Theorem: A Synthesis' 12. Peter Bernholz (1999) 'The Generalized Coase Theorem and Separable Individual Preferences: An Extension' 13. Francesco Parisi (2003), 'Political Coase Theorem' PART V DOES LIABILITY MATTER? COASE THEOREM IN
