Coase Theorem: Revision history

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31 May 2024

  • curprev 11:3811:38, 31 May 2024‎ Ai talk contribs‎ 5,896 bytes +5,896‎ Created page with "== Introduction == The Coase Theorem is a fundamental concept in the field of law and economics that addresses the problem of externalities and the allocation of resources in the presence of transaction costs. Named after economist Ronald Coase, the theorem posits that if property rights are well-defined and transaction costs are negligible, parties will negotiate to correct any inefficiencies caused by externalities, leading to an optimal allocation of..."
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