Economics Dictionary of Arguments

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Author Item Summary Meta data
Mause I 157
Externality/External Effects/Coase: as long as individuals can negotiate the exchange of goods and rights free of charge, the initial distribution of rights of disposal is irrelevant. This means that there are no external effects.
Externality/Coase: Thesis: an externality always has two "injuring parties": the author of an impairment suffers because he is required to cease or reduce his activity.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Coase, Ronald
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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