Large Numbers, Small Numbers, and Coasean Bargaining

by Don Boudreaux on June 17, 2011

in Complexity & Emergence, Prices, Property Rights

Bargaining achieves Coasean efficiencies even if that bargaining is so strategic that it prevents exchanges that would take place in the absence of the strategizing – or so I argue in this 1996 Advances in Austrian Economics article.


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