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knoeller33 knoeller33
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6 months ago

There are two divorce laws, A and B. Under A, it takes only one person to agree to a divorce and the divorce is granted. Under B, it takes two persons to agree to a divorce before it is granted. According to Coase,



▸

there will be the same number of divorces under both laws if transaction costs are zero.



▸

there will be more divorces under law A.



▸

there will be more divorces under law B.



▸

taxes should be imposed on those parties who seek divorces.



▸

subsidies should be granted to those persons who unwillingly get divorces.

Textbook 
Economics

Economics


Edition: 12th
Author:
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solid1solid1
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6 months ago
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knoeller33 Author
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6 months ago
Thanks
Ifekwunigwe
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Yesterday
You make an excellent tutor!
SUmmerPeople
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2 hours ago
Smart ... Thanks!
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