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Author Question: The Coase Theorem does not imply which of the following? a. Resources will be allocated ... (Read 101 times)

fox

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  • Posts: 540
on: Jul 1, 2018
The Coase Theorem does not imply which of the following?
 
  a. Resources will be allocated efficiently in the absence of transactions costs.
  b. Resources will move to their highest valued use in there are no transactions costs.
  c. The initial allocation of property rights does not matter to the parties involved.
   d. The allocation of resources is independent of the assignment of property rights if transactions costs are zero.

Question 2

The equilibrium level of regulation is where the marginal political benefits to the special interests are equal to the marginal political costs of the foregone regulation.
 
  a. True b. False


katkat_flores

  • Sr. Member
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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


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