caa a22 4500 445829761 CHVBK 20180317145310.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s10657-010-9199-2 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9199-2 Halpin Andrew School of Law, Swansea University, SA2 8PP, Swansea, UK aut Coase's world and Coase's blackboard [Elektronische Daten] [Andrew Halpin] In this contribution I focus on a particular characteristic of Ronald Coase's work, as exhibited in "The Problem of Social Cost”: his ability to force upon his audience a clearer grasp of reality than they previously held. More specifically, I aim to consider to what extent the "blackboard economics” that Coase himself derided have been avoided in a Coasean world, taking that expression to refer in some sense to a world where Coasean insights can flourish, and as such to be a world not simply of Coase's own making but a world that has been developed by others in applying the Coase Theorem. My strategy is to interrogate the nature of a Coasean world through developing a framework that can look more closely at different approaches to theoretical modelling, the different worlds involved in these models, and the different positive and normative applications that can be derived from them. I shall further consider whether the understanding of thelaw that inhabits a Coasean world reflects a "real-world” legal environment. Finally, I shall seek to assess the impact of Coase's work on our understanding of the relationship between law and economics, in our world. Springer Science+Business Media, LLC, 2010 Coase nationallicence Theoretical models nationallicence Normative economics nationallicence Positive economics nationallicence Law and economics nationallicence European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 91-109 0929-1261 31:1<91 2011 31 10657 https://doi.org/10.1007/s10657-010-9199-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9199-2 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Halpin Andrew School of Law, Swansea University, SA2 8PP, Swansea, UK aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 91-109 0929-1261 31:1<91 2011 31 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer