Search
Papers, wiki, Option Blackboard, encyclopedia, and cards.
Coase Theorem
The Coase theorem says that if property rights are clear and bargaining is costless, parties will bargain to an efficient outcome regardless of who holds the initial right — the assignment affects distribution, not efficiency.
Poison Pill
A poison pill is a rights plan that dilutes a bidder who crosses an ownership trigger — a delay and bargaining chip, not a value creation.
Coase Theorem
The Coase theorem says that if property rights are clear and bargaining is costless, parties will bargain to an efficient outcome regardless of who holds the initial right — the assignment affects distribution, not efficiency.
Poison Pill
A poison pill is a rights plan that dilutes a bidder who crosses an ownership trigger — a delay and bargaining chip, not a value creation.