The Fourth Coase Theorem: State planning rules and spontaneity in action
Bibliographic record
Abstract
This article elucidates a novel and powerful Fourth Coase Theorem using Coase’s own reasoning and extending the First Coase Theorem. It holds that state rules, which include, but are not limited to, property rights, can enlarge a market. This theorem lends support to state planning insofar as it establishes rules that enable and promote market transactions and illuminates the operation of the market’s spontaneity, subject to constraints. Seven conditions that demarcate the state’s role under this theorem from interventionist planning by edict are specified and illustrated by three well-researched real-life examples, one revealed by Coase and two others involving rights conferred by the state by licensing and zoning for maritime resources and by franchising for ordering land-use transport.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.009 | 0.021 |
| Meta-epidemiology (narrow) | 0.001 | 0.001 |
| Meta-epidemiology (broad) | 0.001 | 0.003 |
| Bibliometrics | 0.002 | 0.001 |
| Science and technology studies | 0.003 | 0.022 |
| Scholarly communication | 0.006 | 0.015 |
| Open science | 0.003 | 0.004 |
| Research integrity | 0.004 | 0.005 |
| Insufficient payload (model declined to judge) | 0.011 | 0.001 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".