Edited by Franklin G. Mixon and Richard J. Cebula
Chapter 11: Can't see the tacking for the trees? Try a Coasian solution
Arguably, the types of examples used by texts in examining Coasian bargains that address negative externalities are not the types of situations or stories that typically appeal to traditional college and university students. The chapter provides a more modern story for principles instructors to use as a supplement to traditional textbook accounts of the problems associated with externalities and the applicability of the Coase Theorem.
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