Re: Coase's Theorem and Intellectual Property

Dick.Gray@bull.com
Tue, 22 Dec 1998 10:32:28 -0700

Hal,

Thanks for your lucid explanation of Coase's theorem and its implications. This is the best analysis I've seen on the 'Net of property rights as the basis of the free market. I think you're on the right track here, though I reserve judgment on intellectual property rights.

Dick