Ronald Coase ’ s insight is that most externality problems are due to an inadequate specification of property rights.
举一反三
- The most fundamental economic function of a country's legal system is(). A: maintenance stability B: macro regulation C: stable currency D: Protection of property rights
- intellectual property rights
- He is due to______ a conference on human rights.
- The Coase theorem does NOT apply if A: there is a significant externality between two parties. B: the court system vigorously enforces all contracts. C: transaction costs make negotiating difficult. D: oth parties understand the externality fully.
- Citizens are _____ to exercise their rights, but under no circumstances can they violate other people’s rights. A: on track B: on schedule C: at ease D: at liberty