The Coase theorem is the proposition that if property rights exist and the costs of enforcing them

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The Coase theorem is the proposition that if property rights exist and the costs of enforcing them are low, then the market outcome is efficient and it doesn’t matter who has the property rights.

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Application of the Coase Theorem

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 09:00 AM

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The Coase theorem is the proposition that if property rights exist and the costs of enforcing them

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Foundations Of Microeconomics

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