The Inverse Coase Theorem and Declarations of War
5 Pages Posted: 19 Dec 2001
Abstract
Monitoring costs are reduced, and political accountability enhanced, by prohibiting bargains that alter the Constitution's formal allocation of rights of decision among political actors. One might describe this proposition as the Inverse Coase Theorem. This framework is used to examine the purpose served by the constitutional formality inherent in a declaration of war.
JEL Classification: K00, K10, K19, K30, K39
Suggested Citation: Suggested Citation
Sidak, J. Gregory, The Inverse Coase Theorem and Declarations of War. Duke Law Journal, Vol. 41, No. 2, pp. 325-328, 1991, Available at SSRN: https://ssrn.com/abstract=294527 or http://dx.doi.org/10.2139/ssrn.294527
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.