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Article: The Coase Theorem and a Coasian construction economics and management research agenda

TitleThe Coase Theorem and a Coasian construction economics and management research agenda
Authors
KeywordsBibliometrics
Coase Theorem
Construction economics and management
Property rights
Transaction cost
Issue Date2008
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2008, v. 26 n. 1, p. 29-46 How to Cite?
AbstractThis paper seeks to construct an empirical research agenda based on transaction cost reasoning informed by the Coase Theorem. It explains why the Coase Theorem has not been well received in the area of construction economics and management, as revealed by the relevant bibliometrics; develops a transaction cost-based research agenda for this arena based on the corollaries of the invariant version and optimality version of the Coase Theorem; and maps the current research endeavours that fall into that agenda. It has been explained that the Coase Theorem was based on Coase's 1960 article, 'The problem of social cost', and is not only compatible with, but also more general than, Coase's theory of the firm offered in his 1937 paper, 'The nature of the firm'. Hence, the 'two Coases' characterization, which suggests a dichotomy pro-organization/regulation stance versus a pro-free market stance, is fallacious.
Persistent Identifierhttp://hdl.handle.net/10722/81916
ISSN
2015 SCImago Journal Rankings: 0.967
References

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_HK
dc.contributor.authorNg, FWNen_HK
dc.contributor.authorYung, Pen_HK
dc.date.accessioned2010-09-06T08:23:24Z-
dc.date.available2010-09-06T08:23:24Z-
dc.date.issued2008en_HK
dc.identifier.citationConstruction Management And Economics, 2008, v. 26 n. 1, p. 29-46en_HK
dc.identifier.issn0144-6193en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81916-
dc.description.abstractThis paper seeks to construct an empirical research agenda based on transaction cost reasoning informed by the Coase Theorem. It explains why the Coase Theorem has not been well received in the area of construction economics and management, as revealed by the relevant bibliometrics; develops a transaction cost-based research agenda for this arena based on the corollaries of the invariant version and optimality version of the Coase Theorem; and maps the current research endeavours that fall into that agenda. It has been explained that the Coase Theorem was based on Coase's 1960 article, 'The problem of social cost', and is not only compatible with, but also more general than, Coase's theory of the firm offered in his 1937 paper, 'The nature of the firm'. Hence, the 'two Coases' characterization, which suggests a dichotomy pro-organization/regulation stance versus a pro-free market stance, is fallacious.en_HK
dc.languageengen_HK
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.aspen_HK
dc.relation.ispartofConstruction Management and Economicsen_HK
dc.subjectBibliometricsen_HK
dc.subjectCoase Theoremen_HK
dc.subjectConstruction economics and managementen_HK
dc.subjectProperty rightsen_HK
dc.subjectTransaction costen_HK
dc.titleThe Coase Theorem and a Coasian construction economics and management research agendaen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0144-6193&volume=26&issue=1&spage=29&epage=46&date=2007&atitle=The+Coase+Theorem+and+a+Coasian+construction+economics+and+management+research+agendaen_HK
dc.identifier.emailLai, LWC:wclai@hku.hken_HK
dc.identifier.authorityLai, LWC=rp01004en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/01446190701450438en_HK
dc.identifier.scopuseid_2-s2.0-38849184154en_HK
dc.identifier.hkuros138195en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-38849184154&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume26en_HK
dc.identifier.issue1en_HK
dc.identifier.spage29en_HK
dc.identifier.epage46en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLai, LWC=7202616218en_HK
dc.identifier.scopusauthoridNg, FWN=37004120500en_HK
dc.identifier.scopusauthoridYung, P=24377307900en_HK

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