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Coase theoremA policy proposition, developed by Ronald Coase, that pollution and other externalities can be efficiently controlled through voluntary negotiations among the affected parties (polluters and those har [..]
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Coase theoremThe proposition that the allocation of property rights does not matter for economic efficiency, so long as they are well defined and a free market exists for the exchange of rights between those who h [..]
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Coase theoremDefinition The proposition that the allocation of property rights does not matter for economic efficiency, so long as they are well defined and a free market exists for the exchange of rights between [..]
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Coase theoremAn economic theorem which attempts to solve the problem of externalities like pollution by specifying who has property rights to previously unowned entities like air or water. The Coase theorem has tw [..]
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Coase theoremAnyone who has taught the Coase Theorem to fresh minds has experienced first hand the wonder and admiration which it inspires, yet Coase never wrote ...
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Coase theoremThe Coase Theorem holds that, regardless of the initial allocation of property rights and choice of remedial protection, the market will determine ultimate ...
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Coase theoremInformally: that in presence of complete competitive markets and the absence of transactions costs, an efficient set of inputs to production and outputs from production will be chosen by agents regard [..]
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