Ronald Coase, “The Problem of Social Cost” and The Coase Theorem: An anniversary celebration

Entrepreneurship during a pandemic

“…There is an interconnectedness between legal institutions, various forms of entrepreneurship, and crisis recovery. In particular, this paper contributes to the literature on institutions and transaction costs (see Marciano, 2011 ; Candela & Geloso, 2019 ), and on crisis and entrepreneurship (see De Geest 1995 ; Harnay & Marciano, 2009 ; Heinemann, 2011 ; Fink & Wagner, 2013 ; Braunerhjelm et al, 2015 ; Chowdhury et al, 2015 ). Entrepreneurial action is shaped by the legal regime and informal norms that govern society, either by being encouraged by a stable legal system that protects private property and contracts or by being hampered through interventionist policies that can add uncertainty and confusion (see Sobel & Leeson, 2007 ; Leeson & Boettke, 2009 ; Chowdhury et al, 2015 ; Lofthouse, 2019 ).…”

Hukuk ve İktisat Yaklaşımında Bir İktisatçı: Ronald H. Coase

“…Dolayısıyla "Sosyal Maliyet Problemi" ile birlikte hukuk ve iktisat yaklaşımı ile hukukun ekonomik analizinin birbirinden farklı olduğu anlaşılmıştır. Bu makaleyle birlikte hukuk ve iktisat yaklaşımı yeni veya modern olarak isimlendirilmiş olup Posner'in katkılarıyla birlikte hukukun ekonomik analizi gelişim göstermiştir (Marciano, 2011). Manne (1993) çalışmasında bu durumu şu şekilde ifade etmiştir;…”

Corporate Ethics and Values: Guiding Business out of the Maelstrom

“…In Coasean theory, the firm is seen as becoming dysfunctional when its managerial authority no longer has an internal cost advantage against the price mechanism of the external market. The economic rationale for the firm ceases to exist when the transaction costs of exercising authority increase beyond the transaction costs of spot contracts (Drtina & Correa, 2011;Marciano, 2011). In the face of economic dysfunction the firm could (a) reduce itself through outsourcing in the hopes of restoring the cost effectiveness of authority over mere spot contracts.…”