This result proposes that private parties (consumers and producers) can solve the problem of externalities on their own. A tarif

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AfilCa [17]

2 years ago

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This result proposes that private parties (consumers and producers) can solve the problem of externalities on their own. A tarif

f Scarce Theorem Social Optimum Theorem Coase Theorem

Social Studies

1 answer:

kvv77 [185] · Answer 1 · 2022-05-08T22:56:25+03:00

This result proposes that private parties (consumers and producers) can solve the problem of externalities on their own. = Coase theorem.
Coase theorem proposes that "when there is a disagreement about property rights, those parties concerned can find a way to come to a mutually beneficial outcome by means of bargaining or negotiating terms," according to its definition.