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. |
