...may never be achieved." He continues: It is clear that an alternative form of economic organization which could achieve the same result at less cost than...market would enable the value of production to be raised.13 On the question of government administrative regulation and its efficiency, Coase states...

...may never be achieved." lie continues : It is clear that an alternative form of economic organization which could achieve the same result at less cost than...the market would enable the value of production to he raised." On the question of government administrative regulation and its efficiency, Coase states...

...never be achieved. 17/ He continues: It is clear that an alternative form of economic organization which could achieve the same result at less cost than...would enable the value of production to be raised. IS/ On the question of government administrative regulation and its efficiency, Coase states: There...

...It is clear that an alternative form of economic organization which could achieve the same result'at less cost than would be incurred by using the market...would enable the value of production to be raised. 18/ On the question of government administrative regulation and its efficiency, Coase states: There...

...take the initial delimitation of rights and the costs of carrying out market transactions as given. It is clear that an alternative form of economic organisation...could achieve the same result at less cost than would he incurred hy using the market would enahle the value of production to he raised. As I explained many...

...seminal paper, Coase had observed: It is clear that an alternative form of an economic organization which could achieve the same result at less cost than...would enable the value of production to be raised. (Coase, 1960: 16) Coase had in mind his 'theory of the firm'. He had also suggested that courts should...

...greater than the costs which would be involved in bringing it about . . . [When this value is less,] an alternative form of economic organisation which...years ago, the firm represents such an alternative to organising production through market transactions. Within the firm individual bargains between the...

...take the initial delimitation of rights and the costs of carrying out market transactions as given. It is clear that an alternative form of economic organisation...could achieve the same result at less cost than would he incurred hy using the market would enahle the value of production to he raised. As I explained many...