英文文献:Coase Revisited: Economic Efficiency under Externalities, Transaction Costs and Non-Convexity-科斯重新审视:外部性、交易成本和非凸性下的经济效率
英文文献作者:Chavas, Jean-Paul
英文文献摘要:
This paper presents a general equilibrium analysis of economic efficiency under externalities, transaction costs and non-convexity. It applies to market exchange as well as contractual arrangements. We show that the Coase theorem continues to hold under general conditions: the efficient management of externalities remains consistent with aggregate profit maximization under transaction costs and non-convexity. We examine the role of transaction costs and explore how the minimization of transaction costs is an integral part of efficient allocations. We also show how our analysis applies under non-convex technology, provided that we allow for non-linear pricing in markets.
本文提出了外部性、交易成本和非凸性条件下经济效率的一般均衡分析。它既适用于合同安排,也适用于市场交换。我们证明了科斯定理在一般条件下仍然成立:在交易成本和非凸性条件下,外部性的有效管理与总利润最大化保持一致。我们考察了交易成本的作用,并探索如何使交易成本最小化是有效配置的一个组成部分。我们还将展示我们的分析如何应用于非凸技术,前提是我们允许市场中的非线性定价。


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