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  4. Solutions: property rights,

6.5 Solutions: property rights, regulations, and incentive policies  (Page 8/14)

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  • Card 8 / 14:
    coase theorem

    The idea that with property rights and frictionless negotiation, private agents will bargain to reach efficient outcomes even in the face of externalities.

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Practice Key Terms 8

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Source:  OpenStax, Sustainability: a comprehensive foundation. OpenStax CNX. Nov 11, 2013 Download for free at http://legacy.cnx.org/content/col11325/1.43
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