Explain what did coase consider to be the efficient solution

Reference no: EM13245090

Ronald Coase points out that a market failure does not arise simply because people ignore the external cost of their action. What other condition is necessary? What did Coase consider to be the efficient solution to a negative externality?

Reference no: EM13245090

Questions Cloud

What movie review did your read : Conduct an Internet search for a review written by a professional critic about a movie of your choice. Once you have read the review, answer the following questions: What movie review did your read? What aesthetic values did the author use to critiq..

Two questions are about population proportions : These two questions are about population proportions.

What is the verticle displacement y of the electron : An electron moving along x axis with a constant speed of v = 5x10^6 m/s i enters the region of a uniform electric field, What is the verticle displacement y of the electron 4 ns later

Describe what is the investment tax credit : Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market

Explain what did coase consider to be the efficient solution : Ronald Coase points out that a market failure does not arise simply because people ignore the external cost of their action. What other condition is necessary What did Coase consider to be the efficient solution to a negative externality

Calculate the amplitude of the motion : An object with mass 4.0kg is executing simple harmonic motion, attached to a spring with spring constant 300N/m, Calculate the amplitude of the motion

How do local zoning ordinances try to promote land uses : How do local zoning ordinances try to promote land uses that generate external benefits for neighbors Why have authorities found it so difficult to regulate the fishing in the open ocean to allow for a sustainable yield

What is the magnetic field strength : A Hall probe serves to measure magnetic field strength. Such a probe consists of a poor conductor 0.165 mm thick, What is the magnetic field strength

Find the density of mobile electrons in the material : The Hall effect can be used to determine the density of mobile electrons in a conductor, Find the density of mobile electrons in the material

User Account

All Pages