Considering problems of negative externalities

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When considering problems of negative externalities, the Coase Theorem suggests that efficient solutions can be achieved through bargaining. Under what circumstances will private bargaining fail to produce a solution?

In the spring of 2019 Oregon passed rent control laws that cover the entire state. Please apply (4) harmful effects of price ceilings to this story.

Many restaurants offer early-bird specials (lower price early) for their dinner customers. From an economist's perspective, what sort of problems is this? Please explain why a restaurant would choose e to give discounts to people who come early to eat. What is the economic difference between the people who come early and those who come at a more regular time?

Reference no: EM132896036

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