Ec101: Links for 21st November, 2019

  1. What is the Coase Theorem? Watch.
    ..
    ..
  2. Why does it matter? Listen.
    ..
    ..
  3. Where all is it applicable? Laugh.
    ..
    ..
  4. “Coasean solutions exist. But governments need to set up the relevant property rights and create an exchange, and then trust its prices to incentivize the appropriate action.”
    ..
    ..
    And here’s the first reason why  we learn about the Coase theorem today
    ..
    ..
  5. “Some also suggest that we create a market for the stubble. But how do you get it out in the first place? Indeed, that’s why it is burnt as the cheapest form of disposal.”
    ..
    ..
    And here’s the second!