
Economics 11th Edition by William McEachern
النسخة 11الرقم المعياري الدولي: 978-1305505469
Economics 11th Edition by William McEachern
النسخة 11الرقم المعياري الدولي: 978-1305505469 تمرين 5
THE COASE THEOREM Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low, why does the assignment of property rights to the stream lead to the same (efficient) level of pollution whether the firm or recreational users own the stream?
التوضيح
Same level of pollution:
When the river...
Economics 11th Edition by William McEachern
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