Construct · 1 fields · 1 citations

political Coase theorem: a standalone construct

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Public choice

the claim, examined and rejected, that societies will bargain their way to efficient institutions; commitment problems keep inefficient ones in place.

In public choice, political Coase theorem refers to the claim, examined and rejected, that societies will bargain their way to efficient institutions; commitment problems keep inefficient ones in place. This meaning comes from Acemoglu (2003) in Journal of Comparative Economics.[1]

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Nearby constructs

Coase theorem1 fields · 3 citationsanchor · a standalone construct commitment5 fields · 9 citationsjingle · one name, five constructs place4 fields · 7 citationsjingle · one word, four constructs

References

Acemoglu, D. (2003). Why not a political Coase theorem? Social conflict, commitment, and politics. Journal of Comparative Economics, 31(4), 620-652. https://doi.org/10.1016/j.jce.2003.09.003

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