This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What do you believe is one of the chief criticisms of the Coase Theorem that render it useless in ... (Read 64 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
What do you believe is one of the chief criticisms of the Coase Theorem that render it useless in real-world situations.
 
  What will be an ideal response?

Question 2

What is the Coase theorem?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A key criticism is that the theorem is almost always inapplicable in economic reality, because real-world transaction costs are rarely low enough to allow for efficient bargaining.

Answer to Question 2

The Coase theorem says that, under certain conditions when externalities are present, private parties can arrive at the efficient solution without government involvement.


DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
How to use the Pythagorean Theorem How to use the Pythagorean Theorem
How to use the mean value theorem for integrals How to use the mean value theorem for integrals
Sodium’s chief role is regulation of fluid balance Sodium’s chief role is regulation of fluid balance
Binomial Theorem Binomial Theorem
How to visualize division in the Odds form of Bayes's Theorem? How to visualize division in the Odds form of Bayes's Theorem?
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library