Ronald H. Coase
Abstract
This chapter contains section titled: The Problem to be Examined The Reciprocal Nature of the Problem The Pricing System with Liability for Damage The Pricing System with No Liability for Damage The Problem Illustrated Anew The Cost of Market Transactions Taken into Account The Legal Delimitation of Rights and the Economic Problem
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This chapter contains section titled: The Problem to be Examined The Reciprocal Nature of the Problem The Pricing System with Liability for Damage The Pricing System with No Liability for Damage The Problem Illustrated Anew The Cost of Market Transactions Taken into Account The Legal Delimitation of Rights and the Economic Problem
Key concepts: Factory (object-oriented programming), Pigou effect, Product (mathematics), Action (physics), Welfare, Smoke, Social cost, Economics