THE ASYMMETRIC COASE THEOREM DUAL REMEDIES …：不对称的科斯定理双重救济….pdfVIP

Francesco Parisi1 THE ASYMMETRIC COASE THEOREM: DUAL REMEDIES FOR UNIFIED PROPERTY ABSTRACT: This paper builds upon the existing literature on non- conforming property rights, suggesting that property is affected by a one-directional bias leading towards increasing fragmentation. This bias is the result of asymmetric transaction and strategic costs. In this context, the paper offers a revised formulation of the normative Coase theorem to define more precisely o