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Coase Theorem and the Taiwan Strait Conflict (2004)

Hsiung, Bingyuan

Oxford, UK : Blackwell Publishing Ltd

Kyklos 57 (2004), S. 0

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ISSN: 1467-6435

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Sociology , Economics

Notes: The idea of a single-owner who owns the opposing interests of a dispute has been suggested in the literature to make the Coase Theorem operational in resolving dispute. This paper points out that the idea implicitly assumes the existence of an overriding authority, e.g., the Courts, to implement the solution. When such an overriding authority does not exist, a different rationale must be employed to make the single-owner apparatus work. This insight is explored and then applied to help resolve the Taiwan Strait Conflict. Specifically, a ‘One China, Two Republics’ policy is proposed and its implications illustrated.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.0023-5962.2004.00266.x

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