- What is the Coase Theorem? Watch.
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.. - Why does it matter? Listen.
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.. - Where all is it applicable? Laugh.
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.. - “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.”
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And here’s the first reason why we learn about the Coase theorem today…
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.. - “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.”
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And here’s the second!
EconForEverybody 
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