Coase’s empirical studies: the case of the lighthouse

Elodie Bertrand

The Elgar Companion to Ronald H. Coase

Edited by Claude Ménard and Elodie Bertrand

Ronald H. Coase was one of the most innovative and provocative economists of the twentieth century. Besides his best known papers on ‘The Nature of the Firm’ and ‘The Problem of Social Cost’, he had a major role in the development of the field of law and economics, and made numerous influential contributions to topics including public utilities, regulation and the functioning of markets. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars assess the impact of his work with particular reference to the research programs initiated, the influence on policymakers, and the challenge to conventional perspectives.

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Published in print:: 26 Feb 2016

ISBN:: 9781782547983

eISBN:: 9781782547990

DOI:: https://doi.org/10.4337/9781782547990

Pages:: 384

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Chapter 23: Coase’s empirical studies: the case of the lighthouse

Elodie Bertrand

Reference Entry

Published:: 26 February 2016

Category:: Reference Entry

DOI:: https://doi.org/10.4337/9781782547990.00035

Pages:: 320–332 (13 total)

Collection: Economics 2016

Extract

23 Coase’s empirical studies: the case of the lighthouse Elodie Bertrand1 1. INTRODUCTION While apparently very diverse, the great majority of Ronald Coase’s works have in common that they rest upon empirical case studies: the hog cycle and the fi...

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