Uri Aftermath: Can There Be A Rational Strategy For A Crazy Neighbour?
One of the early insights was given by Ronald Coase, winner of the Nobel Prize in Economics. In his famous idea called Coase conjecture, he showed that, in a bargaining situation, if there is uncertainty about one player's nature, then the other player ...
The Magnificent Seven (Photo: Photo: Columbia Pictures)
Ronald Coase might expect that having the area devoted to mining, even if that poisons the farmland, is the optimal outcome (although that does make me wonder why he even needed to buy them out since it seemed like he already owned what he needed).
Gun noise debate speaks loudly to economists
That leads us to University of Chicago professor and 1991 Nobelist Ronald Coase, who died three years ago this month. Gun noise is an external cost, something introductory economic theory says reduces the efficiency of a free market. But, Coase argued ...
Don't want to live next to a gun range? Here's what economists say
Idaho Statesman (blog)
And that, in turn, leads us to 1991 Nobelist Ronald Coase. Gun noise is an external cost, which reduces the efficiency of a free market. But, Coase argued, that reduction is minimized as long as property rights are clearly specified. In this case, the ...