expand icon
book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
Exercise 22
Assuming that transactions costs are sufficiently low, the Coase theorem results in the economic pie being maximized, regardless of legal constraints. What impact, then, do legal constraints have?
Explanation
Verified
like image
like image

Transaction cost:
Transaction cost refe...

close menu
Economic Analysis of Social Issues 1st Edition by Alan Grant
cross icon