What is the Coase Theorem, and when is it likely to be helpful in leading a market

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What is the Coase Theorem, and when is it likely to be helpful in leading a market with externalities to provide the socially efficient level of output?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:10 AM

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What is the Coase Theorem, and when is it likely to be helpful in leading a market

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The Coase Theorem states that regardless of how property rights are assigned with an e...View the full answer

Microeconomics

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