George Stigler used "about four pages" from this man's work to name a result stating that, in the absence of low transaction costs, private bargaining can be ef᥸cient.
In a section of a paper titled "The Problem Illustrated Anew," this man used an example from a law case in which a confectioner's mortars and pestles caused vibrations that prevented a doctor from using a stethoscope to examine patients; that paper by this man was published a few weeks before a Guido Calabresi article setting forth similar thoughts about liability rules in automobile accidents and is one of several of his papers that cite the case Sturges v. Bridgman. George Stigler used "about four pages" from this man's work to name a result stating that, in the absence of low transaction costs, private bargaining can be ef᥸cient. For 10 points, name this economist who authored "The Problem of Social Cost" and whose namesake theorem describes how bargaining can mitigate externalities.
In a section of a paper titled "The Problem Illustrated Anew," this man used an example from a law case in which a confectioner's mortars and pestles caused vibrations that prevented a doctor from using a stethoscope to examine patients; that paper by this man was published a few weeks before a Guido Calabresi article setting forth similar thoughts about liability rules in automobile accidents and is one of several of his papers that cite the case Sturges v. Bridgman.
Ronald Coase [or Ronald Harry Coase; accept Coase's theorem]