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January 31, 2011



Thanks for the nice recap of Coase's important insights. (Btw, is "Roland" (rather than "Ronald") a typo?).

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Great article! It's very informative, straight to the point and well-organized. Hope you'll post more articles like this. Thanks for your insights and for posting. Kudos!

Don Marti

Thanks for the helpful post. But in practice, it seems like the people who run large firms are always trying to artifically raise transaction costs, by lobbying to make laws and regulations favorable to larger firms. (Politicians don't get campaign contributions from the National Association of Companies that Don't Exist Yet.)

If technology tends to drive down transaction costs, why aren't firms getting smaller?

Is Coase's work even relevant in environments where large firms can use Regulatory Capture to set the optimal size of a firm?

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