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Clement Clement
wrote...
Posts: 510
4 years ago

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?

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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4 years ago
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