caa a22 4500 445829788 CHVBK 20180317145310.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s10657-010-9195-6 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9195-6 Bertrand Elodie Univ Lille Nord de France (ULCO, EQUIPPE), Lille, France aut What do cattle and bees tell us about the Coase theorem? [Elektronische Daten] [Elodie Bertrand] Two empirical studies on well-known externalities seem to confirm Coase's (J Law Econ 17(2):357-376, 1960) insight, according to which transactions on property rights will occur if their gains are greater than their costs. However, the trespassing cattle case (Ellickson in, Stanford Law Rev 38(3): 623-687, 1986) shows that neighbours do not refer to legal entitlements and settle their disputes without monetary transaction, which may be due, according to us, to other impediments to bargaining than transaction costs: some social norms prevent the market from developing. Such a market exists in the pollinating bees case (Cheung in, J Law Econ 16(1): 11-33, 1973), but we show that, if transactions over ‘externalities' are facilitated, other externalities, which remain at its borders, are also handled with social norms. Both studies contribute to an institutional description of the functioning of a market over rights or of its impediments. Springer Science+Business Media, LLC, 2010 Coase theorem nationallicence Externalities nationallicence Social norms nationallicence Nuisance nationallicence Market nationallicence European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 39-62 0929-1261 31:1<39 2011 31 10657 https://doi.org/10.1007/s10657-010-9195-6 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9195-6 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Bertrand Elodie Univ Lille Nord de France (ULCO, EQUIPPE), Lille, France aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 39-62 0929-1261 31:1<39 2011 31 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer