According to the Coase Theorem, so long as property rights are established and transactions costs are low, plaintiffs in court cases involving externalities will not care which way a judge decides.
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Q2: In order for a Pigouvian tax to
Q3: If a positive externality is caused by
Q4: In the absence of the negative externality
Q5: If a tax on gasoline is appropriately
Q6: The more price elastic the demand curve,
Q7: In order for a cap-and-trade system to
Q8: Regardless of whether a negative externality is
Q9: Transaction costs are the costs incurred by
Q10: To implement an efficient Pigouvian tax in
Q11: The Coase Theorem implies that the reason
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