3) Coase’s theorem can be stated the same way: the differential rents (different allocations of property rights) are suppressed by competition across variable property allocations (normative property, and formal property rights) by international trade. …
Source date (UTC): 2018-06-01 16:11:32 UTC
Original post: https://twitter.com/i/web/status/1002583435062464512
Reply addressees: @MartialSociety
Replying to: https://twitter.com/i/web/status/1002367912512970752
IN REPLY TO:
@MartialSociety
@curtdoolittle I searched your site & didn’t find anything related. Most discussions of externalities are at least tangentially prefaced with a description of the Coase theorem & its limitations. I’m interested in how you (or another propertarian) would approach the problem.
Original post: https://twitter.com/i/web/status/1002367912512970752
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