Question
1. How does a lack of property rights lead to problem in The most important economist you have never heard of and The economics of
1. How does a lack of property rights lead to problem in "The most important economist you have never heard of" and "The economics of reclining your airplane seat aren't so simple: Can the Coase theorem help us avoid fights on planes?" articles.
2. How does Coase suggest the property rights problem can be solved in "What 'Rights' Do We Have When We're Talking About Our Private Online Data?" article
3. When was Coase awarded the Nobel Prize in Economics? Why was given the prestigious award?
4. The "The economics of reclining your airplane seat aren't so simple: Can the Coase theorem help us avoid fights on planes?", "The most important economist you have never heard of", and "LessCostly Ways to Reduce the Harm of COVID-19 without TravelandImmigrationBans"articles provide applications of the Coase theorem. For each of the following, briefly discuss what is the connection between Coase and...
a) reclining airplane seats
b) personal data collection/usage
c) the spread of COVID-19
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