caa a22 4500 445829796 CHVBK 20180317145310.0 cr unu---uuuuu 170323e20110201xx s 000 0 eng 10.1007/s10657-010-9196-5 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9196-5 Medema Steven Department of Economics, University of Colorado Denver, CB 181, 80217-3364, Denver, CO, USA aut A case of mistaken identity: George Stigler, "The Problem of Social Cost,” and the Coase theorem [Elektronische Daten] [Steven Medema] "The Problem of Social Cost” is rightly credited with helping to launch the economic analysis of law. George Stigler plays a central role in the professional reception of Coase's work and, in particular, of the idea that came to be known as the Coase theorem. While Coase's negotiation result was taken up in the scholarly literature not long after the publication of "The Problem of Social Cost,” it was Stigler who gave the theorem its name and introduced it to scores of readers in The Theory of Price (1966). His remaking of Coase's idea into a "theorem” had significant rhetorical force, which, combined with the challenge that it pose to received thinking about externality problems, both lent credibility to the idea and made it a force to be reckoned with. The present paper analyzes Stigler's various commentaries on the Coase theorem with a view to getting at both how Stigler understood the theorem and its import and why he exhibited such a fascination with it over the last 30years of his life. Springer Science+Business Media, LLC, 2010 Coase theorem nationallicence Externalities nationallicence Coase nationallicence Stigler nationallicence Transaction costs nationallicence European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 11-38 0929-1261 31:1<11 2011 31 10657 https://doi.org/10.1007/s10657-010-9196-5 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9196-5 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Medema Steven Department of Economics, University of Colorado Denver, CB 181, 80217-3364, Denver, CO, USA aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 31/1(2011-02-01), 11-38 0929-1261 31:1<11 2011 31 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer