Transaction cost economics (TCE) originated from the work of economist Ronald Coase, who in 1937 questioned why firms exist if markets are perfectly efficient. He argued that using markets involves ...

The British economist and Nobel Laureate, Ronald Coase, posed the following question in his 1937 paper: ‘What is the boundary of a firm?’. He proposed that a firm exists only as long as the ...

More than a decade ago, the University of Chicago Law School launched a first-of-its kind institute that aimed to build upon its long tradition of excellence as the birthplace of law and economics.

How Shoddy Data Becomes Sensational Research Academics are addicted to p-hacking, data torturing, and other statistical sins.

According to Coase, obstacles to bargaining and/or poorly defined property rights lead to an inefficient marketplace. You need look no further than the current state of the U.S. patent system for ...

A new book about British Economist Ronald Coase, was released Friday by Canadian independent public policy think tank The Fraser Institute. The book was written by Lynne Kiesling, a University of ...

VANCOUVER, British Columbia, July 30, 2021 (GLOBE NEWSWIRE) — A new book about Ronald Coase, the British economist whose insights into transaction costs changed the way economists understood the costs ...

Ronald Coase was an economist who made major contributions to economic theory by highlighting the role of transaction costs and economic institutions. A consistent theme in Coase's work was the ...

The man who put the problem into words was a Nobel-Prize-winning economist called Ronald Coase. Imagine, said Coase, you were a monopolist, you alone produced a certain thing.

Ronald Coase, the British-born US economist who was awarded the Nobel prize in 1991, died today in Chicago, the University of Chicago announced. He was 102. Coase, who studied at the University of ...