Publication detail

Generalized Coase Theorem

Author(s): prof. RNDr. Jiří Hlaváček CSc.,
PhDr. Michal Hlaváček Ph.D.,
Type: Articles in refereed journals
Year: 2011
Number: 4
ISSN / ISBN: 1210-0455
Published in: Prague Economic Papers
Publishing place: Praha
Keywords: positive externality, negative externality, Generalized Coase Theorem
JEL codes: D62
Suggested Citation: HLAVÁČEK, Jiří - HLAVÁČEK, Michal. Generalized Coase Theorem. Prague Economic Papers. 2011, roč. 20, č. 4, s. 329-347. ISSN 1210-0455.
Grants: IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
Abstract: Two original microeconomic models of an externality market are described: (1) model of optimal financial compensation of a damage caused by a negative externality in the economy with agents maximizing probability of their survival (generalized Coase theorem) and (2) generalized model of optimal financial favour for agents provided a positive externality.

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