Coase's View on Economic Interactions as Transfers of Rights
Ronald Coase emphasized that economic interactions fundamentally involve the buying and selling of the rights to use economic resources. He argued that these property rights are not naturally given but are defined and determined by the prevailing institutional framework.
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The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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Coase's View on Economic Interactions as Transfers of Rights
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Coase's View on Economic Interactions as Transfers of Rights
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