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Comparative advantage (International trade) --- Business cycles --- Externalities (Economics) --- Econometric models.

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Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say that there have not been other important works - "The Marginal Cost Controversy" (1946) and "The Lighthouse in Economics" (1974) come immediately to mind here - only that in a random sample of, say, one hundred economists, one would likely find few who could list a Coase bibliography beyond the two classic pieces noted above, in spite of Coase's significant publication record. ' The purpose of this collection is to assess the development of, tensions within, and prospects for Coasean Economics - those aspects of economic analysis that have evolved out of Coase's path-breaking work. Two major strands of research can be identified here: law and economics and the New Institutional Economics.

Externalities (Economics). --- Institutional economics. --- Law --- Right of property. --- Economic aspects. --- Coase, Ronald H. --- Economies externes --- Institutionnalisme --- Coase, R. H. --- Economic analysis of law --- Law of real property --- Externalities (Economics) --- Droit de propriété --- Droit --- Aspect économique --- Law and economics. --- Economic history. --- Public finance. --- Microeconomics. --- Law and Economics. --- History of Economic Thought/Methodology. --- Public Economics. --- Price theory --- Economics --- Cameralistics --- Public finance --- Public finances --- Currency question --- Economic conditions --- History, Economic --- Economics and jurisprudence --- Economics and law --- Jurisprudence and economics --- Jurisprudence --- Ownership of property --- Private ownership of property, Right of --- Private property, Right of --- Property, Right of --- Property rights --- Right of private ownership of property --- Right of private property --- Right of property --- Right to property --- Civil rights --- Property --- Costs, Social --- External economies and diseconomies --- External effects (Economics) --- Social costs --- Public goods --- Waste (Economics) --- Welfare economics --- Law and legislation

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Pollution, accidents and congestion all cause unnecessary welfare losses, and while transport services are an essential component of economic and social development, their negative side effects are drawing increasing political attention. Internalisation aims to create incentives to reduce these external costs by factoring them into markets. This report summarises the theoretical and practical dimensions to internalisation; reviews recent estimates of external costs; explores the mix of policies that might be used to promote internalisation successfully; and estimates the size of incentives required in monetary terms.

#A0003A --- 441 Verkeer en vervoer --- Transportation --- Externalities (Economics) --- Transport --- Economies externes --- Environmental aspects --- Social aspects --- Costs --- Aspect de l'environnement --- Aspect social --- Coût --- Costs, Social --- External economies and diseconomies --- External effects (Economics) --- Social costs --- Economics --- Public goods --- Waste (Economics) --- Welfare economics --- Public transportation --- Transportation, Primitive --- Transportation companies --- Transportation industry --- Locomotion --- Commerce --- Communication and traffic --- Storage and moving trade --- Economic aspects --- Business & Economics --- Transportation Economics