Coase Theorem

Business, Legal & Accounting Glossary

Definition: Coase Theorem


Coase Theorem


Full Definition of Coase Theorem


The proposition that the allocation of property rights does not matter for economic efficiency, so long as they are well defined and a free market exists for the exchange of rights between those who have them and those who do not. Due to Coase (1960).


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Definition Sources


Definitions for Coase Theorem are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th November, 2021 | 0 Views.