Edited by Claude Ménard and Elodie Bertrand
Chapter 24: Some failures of the popular Coase Theorem
24 Some failures of the popular Coase Theorem1 Joseph Farrell 1. INTRODUCTION The Coase Theorem – the part that deals with efficiency2 – has several closely related formats. ● In one of its shapes it is a rigorous, if somewhat tautological, claim ...
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