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Articles 1 - 8 of 8
Full-Text Articles in Social and Behavioral Sciences
Coase Minus The Coase Theorem--Some Problems With Chicago Transaction Cost Analysis, Pierre Schlag
Coase Minus The Coase Theorem--Some Problems With Chicago Transaction Cost Analysis, Pierre Schlag
Pierre Schlag
In law as well as economics, the most well-known aspect of Coase’s “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics—namely, transaction cost analysis. In this Article, I deliberately bracket the Coase Theorem to show that “The Problem of Social Cost” contains far more interesting and unsettling lessons—both for law as well as for economics. Indeed, while Coase’s arguments clearly target the Pigouvian attempts to “improve on the market” through government correctives, there is, lurking in those arguments, a much more profound critique …
United Nations Peacekeeping And Civilian Protection In Civil War, Lisa Hultman, Jacob Kathman, Megan Shannon
United Nations Peacekeeping And Civilian Protection In Civil War, Lisa Hultman, Jacob Kathman, Megan Shannon
Megan Shannon
No abstract provided.
Do Political Parties Matter For Turnout? Number Of Parties, Electoral Rules And Local Elections In Brazil And Bolivia, Carew E. Boulding, David Brown
Do Political Parties Matter For Turnout? Number Of Parties, Electoral Rules And Local Elections In Brazil And Bolivia, Carew E. Boulding, David Brown
Carew E Boulding
Does the number of political parties influence voter turnout in developing democracies? Some scholars argue that large party systems facilitate matching voter preferences with a specific party, increasing turnout. Others argue multiparty systems produce too many alternatives, decreasing turnout. In developing democracies, there is debate over whether these institutions matter at all. We argue that party systems do matter for turnout in developing countries, but the relationship between turnout and the number of political parties is conditional on the electoral formula. Under proportional representation systems, large numbers of parties increase turnout. Under winner take all systems, large numbers of parties …
Debating Law's Irrelevance: Legal Scholarship And The Coase Theorem In The 1960s, Steven G. Medema
Debating Law's Irrelevance: Legal Scholarship And The Coase Theorem In The 1960s, Steven G. Medema
Steven G Medema
The paper examines the treatment of the Coase theorem by legal scholars during the 1960s. The analysis demonstrates that it was legal scholars, rather than economists, who took the lead in applying Coase's negotiation result in the legal realm and that the early diffusion of Coase's result in the legal literature is anything but a "Chicago" story. We also observe that legal scholars were interesting in examining the applicability of Coase's result across a wide range of legal issues and, in contrast to economists, who were preoccupied with the efficiency predication of Coase's result, tended to focus on Coase's invariance …
Narrating Resilience: Transforming Urban Systems Through Collaborative Storytelling, Bruce Evan Goldstein, Anne Taufen Wessells, Raul Lejano, William Butler
Narrating Resilience: Transforming Urban Systems Through Collaborative Storytelling, Bruce Evan Goldstein, Anne Taufen Wessells, Raul Lejano, William Butler
Bruce Evan Goldstein
How can communities enhance social-ecological resilience within complex urban systems? Drawing on a new urbanist proposal in Orange County, California, it is suggested that planning that ignores diverse ways of knowing undermines the experience and shared meaning of those living in a city. The paper then describes how narratives lay at the core of efforts to reintegrate the Los Angeles River into the life of the city and the US Fire Learning Network’s efforts to address the nation’s wildfire crisis. In both cases, participants develop partially shared stories about alternative futures that foster critical learning and facilitate coordination without imposing …
Spatial Equilibrium In The Labor Market, Philip E. Graves
Spatial Equilibrium In The Labor Market, Philip E. Graves
PHILIP E GRAVES
The paper discusses two approaches to spatial equilibrium in the labor market. The more traditional approach of labor economics assumes wage differentials represent arbitrageable differences in utility, with implications 1) that migration should be toward higher wage areas and 2) that migration flows will lead to convergence in wages over space. The more recent approach of urban/regional economics follows Roback in examining the implications of assumed equilibrium in utility over space. In this view wage differentials are compensatory (along with rent differentials) for amenity variation over space. The implications for wage convergence over space are complicated, but in general there …
The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves
The Hedonic Method Of Valuing Environmental Policies And Quality, Philip E. Graves
PHILIP E GRAVES
Benefit-cost analysts attempt to compare two states of the world, the status quo and a state in which a policy having benefits and costs is being contemplated. For environmental policies, this comparison is greatly complicated by the difficulty in inferring the values that individuals place on an increment to environmental quality. Unlike ordinary private goods, environmental goods are not directly exchanged in markets with observable prices. In this chapter, the hedonic approach to inferring the benefits of an environmental policy is examined.
Spatial Equilibrium In Labor Markets, Philip E. Graves
Spatial Equilibrium In Labor Markets, Philip E. Graves
PHILIP E GRAVES
Over long periods of human history, labor market equilibrium involved movements from low-wage areas to high-wage areas, a form of arbitrage under the implicit view that wage differentials corresponded to utility differentials. This “labor economics” view is likely to be viable as long as movement and information costs are high, and under this view the movements would be expected to cause wage convergence over space. In recent decades, perhaps beginning as early as the 1960’s, both the out of pocket and psychological costs of movement have plummeted with advances in transportation and communication technology and innovation. In addition, these same …