The developer of the Coase theorem was a gentleman called Ronald
Coase. Coase theorem is used in the subject area of law and
economics as stated on reference websites.
The developer of the Coase theorem was a gentleman called Ronald
Coase. Coase theorem is used in the subject area of law and
economics as stated on reference websites.
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In its most basic form, the Coase Theorem, named after Ronald
Coase, explains that the private markets, if left to their own
devices will solve the problems of externalities and allocate
resources efficiently.