Coasian Approach Externalities are due to incomplete assignment of property rights. Coase Theorem.
{"Image DocumentName": "Coasian ApproachExternalities are due to incomplete assignment of property rights. Coase Theorem.", "Image ImageDescription": "If property rights are well-defined and transactions costs. are low enough, then private bargaining can result in an. efficient allocation of resources. Corollary. Allocation of resources does not depend on initial. assignment of property rights.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}