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The immense literature generated by Ronald Coase's original exposition of the "Coase Theorem" demonstrates the theoretical depth and richness of one of the seminal works of Law and Economics.' Ultimately, however, the value of the Coase Theorem to law and to social science rests upon the extent to which the brilliant theory is empirically validated.2 This Article examines the results of a labor-market experiment conducted

Diverting The Coasean River: Incentive Schemes to Reduce Unemployment Spells