Externalities, fixed costs and information.

The writer contends that Pigou's and Coase's well-known theoretical solutions to the problem of externalities—bargaining under low transaction costs, taxation according to measured preferences—have merely restated “the problem of social cost,” rather than tackling it. He reiterates the fact that ex...

Full description

Bibliographic Details

Published in:	Kyklos Vol. 51; no. 4; pp. 547 - 564
Main Author:	Keppler, Jan Horst
Format:	Article
Published:	Wiley-Blackwell 1998
Subjects:	Externalities Transaction costs Resource allocation > Mathematical models Information theory in economics Economics Indivisibles (Philosophy)
Online Access:	View this record in EBSCOhost