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Michael Brooks

Works Published inQuarterly Journal of Austrian Economics

Michael Brooks is associate professor in the School of Economics and Finance at the University of Tasmania, Hobart, Australia.

All Works

Toward a Clarification of the Block-Demsetz Debate on Psychic Income and Externalities

Value and Exchange

07/30/2014Quarterly Journal of Austrian Economics
In this paper I clarify the long-running debate between Block and Demsetz over the potential impact of psychic income on the Coase Theorem. Each of the protagonists appear to have erred on how to integrate
Formats

qjae10_3_3.pdf

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