A Coasian Approach to Planning and Sustainable Development by Communicative Planning

Influenced by the growing popularity of the Coase Theorem, less formal expressions are often used interchangeably, such as 'Coasian approaches', 'Coasian paradigm', 'Coasian solutions', and 'Coasian framework', and have proliferated in the planning and related sustainable development literature. The diversity of the meanings of these expressions has grown, thereby causing some confusion. This short article examines these expressions with a view to explaining what exactly may or may not be properly described as a 'Coasian approach' and explores the idea that the Coasian approach, taken with innovations brought along through communicative planning, can foster sustainable development. This is demonstrated by reference to a model built of elementary neo-classical economic and ecological concepts but given a new interpretation

The Coase Theorem and a Coasian construction economics and management research agenda

This paper seeks to construct an empirical research agenda based on transaction cost reasoning informed by the Coase Theorem. It explains why the Coase Theorem has not been well received in the area of construction economics and management, as revealed by the relevant bibliometrics; develops a transaction cost-based research agenda for this arena based on the corollaries of the invariant version and optimality version of the Coase Theorem; and maps the current research endeavours that fall into that agenda. It has been explained that the Coase Theorem was based on Coase's 1960 article, 'The problem of social cost', and is not only compatible with, but also more general than, Coase's theory of the firm offered in his 1937 paper, 'The nature of the firm'. Hence, the 'two Coases' characterization, which suggests a dichotomy pro-organization/regulation stance versus a pro-free market stance, is fallacious.link_to_subscribed_fulltex