Ronald Coase stressed the necessity of using taxes to internalize negative externalities.

Name: Ronald Coase stressed the necessity of using taxes to internalize negative externalities.
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Ronald Coase argued that under certain conditions, private negotiations between parties could solve the problem of externalities without the need for government intervention, such as taxes. This is known as the Coase Theorem.

Ronald Coase Stressed the Necessity of Using Taxes to Internalize