Juris Prudence: Calabresi's Uneasy Relationship with the Coase Theorem

42 Pages Posted: 13 Dec 2012

See all articles by Steven G. Medema

Steven G. Medema

Duke University - Department of Economics

Date Written: December 8, 2012

Abstract

Guido Calabresi's scholarly career has intersected the Coase theorem at several points — from an early primitive formulation of an idea similar to that elaborated by Coase in Calabresi's pioneering 1961 paper presenting an economic analysis of tort law to applications of the theorem in contexts as varied as medical malpractice and the allocation of body parts, to several direct commentaries on the theorem itself. This paper explores Calabresi's discussion and use of the Coase theorem over the last five decades, focusing both on how Calabresi viewed the theorem and its import and on how this informs our understanding of Calabresi's perspective on the economic analysis of law.

Keywords: Coase theorem, Calabresi, law and economics

JEL Classification: K00, K13, B2

Suggested Citation

Medema, Steven G., Juris Prudence: Calabresi's Uneasy Relationship with the Coase Theorem (December 8, 2012). Available at SSRN: https://ssrn.com/abstract=2188702 or http://dx.doi.org/10.2139/ssrn.2188702

Steven G. Medema (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
144
Abstract Views
829
Rank
364,889
PlumX Metrics