Saturday, October 9, 2010
Coase at the Beach
Posted by
dkuehn
at
4:15 AM
A good example of the Coase Theorem (HT Don Boudreaux). Coase is quite clear when property rights are well defined, but I've always been a little unclear (and it might be my own fault for not reading up enough on it) on exactly what Coase has to say when property rights are not well defined.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
All anonymous comments will be deleted. Consistent pseudonyms are fine.