ABSTRACT
This book is the first work dedicated to the key ideas of Nobel Laureate Ronald Coase on pollution and public goods with sustainable development in mind from the perspective of an economist-town planner. The seminal contributions of Ronald Coase, foretold in the form of the Coase Theorem by another Nobel laureate, George Stigler, have been much analyzed and often misinterpreted by friends and foes alike. In this book, Lawrence Lai attempts to revisit Coase's seminal works and bring to the fore their importance in economic and urban planning policy analysis. Coase's comparative institutional approach offers an important vehicle for the analysis of pressing social issues such as sustainable development, and all those interested in the creation of new platforms for performing policy analysis will welcome this important work.
TABLE OF CONTENTS
part |37 pages
Intellectual and policy context
chapter |16 pages
Coase and Coasian research on zoning 1
part |116 pages
Coase and market failure
chapter |57 pages
‘The Lighthouse in Economics' and public goods 1
chapter |28 pages
Coase Theorem and sustainable development 1
part |46 pages
Coase Theorem applied and planning by contract
chapter |19 pages
The application of the Coase Theorem to planning research 1
part |31 pages
Concluding thoughts