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economic analyst of law is 1991 Nobel Prize winner Ronald Coase, whose first major article, The Nature of the Firm (1937), argued that the reason for the existence of firms (companies, partnerships, etc.) is the existence of transaction costs.
"Intellectual property" law could in some circumstances lead to increased transaction costs that outweigh these gains (see Coase's Penguin).
 See also: State law, Word, Support, Sue, State
  
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