What is the coase theorem

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Questions

1. What is the Coase theorem?

2. What are the conditions for the Coase theorem to hold?

3. E.g.the importance of transaction costs

4. How does Coase bargaining take place?

5. What do you expect the outcome to be, conditional on what you expect to find in a certain situation?

6. What will determine the distribution of economic rents associated with a given bargain?

7. When is the allocation of property rights important?

Reference no: EM133462071

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