[lbo-talk] Coase theorem
Stephen Fromm
stephen.fromm at verizon.net
Wed Jan 21 10:01:54 PST 2004
To what extent are right-wing/libertarian arguments (in things like Law and
Economics) undermined to the extent that the Coase Theorem is invalid?
"Invalid"---I don't mean the usual questions about information problems, but
rather endowment/wealth effects, which seems to me to entirely invalidate
the result.
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