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Legal History

: Legal History Blog

Hovenkamp on Coasean Markets

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Coasean Markets is a new paper by Herbert J. Hovenkamp, University of Iowa - College of Law. Here's the abstract:Coase?s work emphasized the economic importance of very small markets and made a new, more marginalist form of economic ?institutionalism? acceptable within mainstream economics. A Coasean market is an association of persons with competing claims on a legal entitlement that can be

Full post as published by Legal History Blog on April 05, 2010 (boomark / email).

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