"Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase" (Panel 3)

This panel was recorded on December 4, 2009 as part of the conference "Markets, Firms and Property Rights: A Celebration of the Research of Ronald Coase." The conference brought together a group of scholars to honor the life and research of Ronald Coase. 2009 marked the 50th anniversary of the publication of Coase’s seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on “The Problem of Social Cost,” and his 100th birthday.

The panel included:

Moderator: Mary Shirley, Coase Institute

Opening Remarks
Douglass North, Washington University, St. Louis

"Reducing Transaction Costs through Securing Property Rights: What Are the Effects of Land Titling Policies?"
Sebastian Galiani, Washington University, St. Louis, Coase Institute Fellow

"Why the Entry Regulation of the China Mobile Phone Manufacturing Industry Collapsed: The Impact of Technological Innovation on Institutional Transformation"
Zhimin Liao, Harvard Law School and Beijing University, Coase Institute Fellow
Xiaofang Chen, Renmin University of China Law School, Coase Institute Fellow

"Let the Buyer -- or Seller -- Beware? How Housing Can Become Durable Lemons under Different Structures of Property Rights and Information"
Lennon H.T. Choy, The Hong Kong Polytechnic University, Coase Institute Fellow
K.W. Chau, The University of Hong Kong

The event was sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the China Center for Economic Research, the Milton Friedman Institute for Research in Economics, and the George J. Stigler Center for the Study of the Economy and the State.