Τρίτη, Ιανουαρίου 24, 2006

What is the Coase Theorem, really?

What is the Coase Theorem, really?: "
Each year I teach a Master's/Ph.D. level class in Environmental Economics. One topic I always struggle with presenting is the Coase Theorem. Not because it is overly complicated. There are just so many versions of it that I don't know...
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