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Ronald Coase is famous for the Coase Theorem, which is based on the premise that there is an ...

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Ronald Coase is famous for the Coase Theorem, which is based on the premise that there is an ...

Question 1.

What are some of the limitations of the Coase theorem in practice?

Question 2.

Ronald Coase is famous for the Coase Theorem, which is based on the premise that there is an economically efficient level of pollution reduction. Many economists believe that the tradable emissions allowance program that has been used to deal with the problem of acid rain has been successful in reducing emissions of sulfur dioxide in an economically efficient manner. Why isn't this program an example of the Coase Theorem?

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InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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Clement Author

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Thanks for your help!!

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This helped my grade so much Perfect

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Brilliant ツ

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