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Article

The Nature of the Firm

R. H. Coase · Economica 4(16), 386–405 · 1937

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Type: Article
Author: R. H. Coase
Identifier: DOI 10.1111/j.1468-0335.1937.tb00002.x
Accessed: 2026-09-01

Claims citing this source

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EstablishedCoase 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.