The Nature of the Firm
R. H. Coase — The Nature of the Firm (1937)R. H. Coase · 1937 · ArticleEstablishedSource attached · not independently reviewedCLM-0601 · as of 2026-10-27 · about: New institutional economics · Author: Polity Atlas editorial team
“Coase argued that firms exist because using the price mechanism has costs, and that with zero transaction costs parties would bargain to an efficient outcome regardless of the initial assignment of legal rights.”
Evidence that supports
3The Problem of Social Cost
R. H. Coase — The Problem of Social Cost (1960)R. H. Coase · 1960 · ArticlePress release: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 (Ronald Coase)
Press release: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 (Ronald Coase) (1991)1991 · Web page · Press release, 15 October 1991Evidence that contradicts
0No counter-evidence recorded.
Status history
No earlier revisions.
Disputes
No disputes have been filed.