Economic Property Rights and Markets or Rent-Seeking
Abstract
The first chapter places Coase, Pigou, and the US environmental policies examined in the volume in the broader context of the literature on the economics of institutional change. This academic research provides background for Coase and suggests the tradeoffs that emerge when decentralized approaches to economic problems are displaced by those of centralized regulation.
Fields of Study & Subjects
Law
Economics
and Judicial Systems
Economic Theory and Institutions
Legal and Constitutional Studies
Publication details
- Journal / source
- Cambridge University Press eBooks
- Pages
- 23–44
- Publication date
- 27 February 2026
- Language
- EN
- Document type
- Book chapter