The Coasean Analysis of Lighthouse Financing: Myths and Realities
The Coasean Analysis of Lighthouse Financing: Myths and Realities
复制标题
灯塔融资的科斯分析:神话与现实
DOI:
10.1093/cje/bei068
复制
发表时间:
2006
影响因子:
2
通讯作者:
Élodie Bertrand
中科院分区:
文献类型:
--
作者:
Élodie Bertrand
In 'The Lighthouse in Economics' (Coase, R. H. Journal of Law and Economics, vol. 17, no. 2, 357-76, 1974), Coase reached the conclusion that in England there existed a relatively efficient privately financed lighthouse system, which would refute economists' traditional statements concerning the production of public goods. The purpose of this paper is to challenge his conclusion. We first show that, from a methodological and theoretical perspective, 'The Lighthouse' is consistent with 'The Problem of Social Cost' (Coase, R. H. Journal of Law and Economics, vol. 3, 1-44, 1960). Then, applying Coase's own method (historical case studies), we attempt to re-examine the respective roles and efficiencies of private initiative and government.