Question
A common explanation for the breakdown of the Coase theorem is that the husband may simply beat his wife to accepting the poorer circumstance. How
A common explanation for the breakdown of the Coase theorem is that the husband may simply beat his wife to accepting the poorer circumstance. How is this also a problem of transaction costs and incomplete property rights?
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Economics For Environmental Studies A Strategic Guide To Micro-And Macroeconomics
Authors: Alfred Endres, Volker Radke
2012th Edition
364231192X, 978-3642311925
