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Durian is a fruit from Southeast Asia. It is, by many reports, absolutely delicious. Unfortunately, it also stinks. It fact, it stinks badly enough that
Durian is a fruit from Southeast Asia. It is, by many reports, absolutely delicious. Unfortunately, it also stinks. It fact, it stinks badly enough that some municipalities in Thailand have banned its consumption on public transportation. Draw a graph that illustrates the probable externality associated with the market for durian. Now, recall the Coase theorem. Do you think this externality can be "internalized" by assigning property rights? How do you think this might work
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