Coase Theorem Explained | Externalities, Property Rights & Efficiency

Learn about the Coase Theorem, a key concept in economics and law introduced by Ronald Coase. This video/article explains the definition, assumptions, and applications of the theorem with simple examples. Understand how property rights, transaction costs, and bargaining can lead to efficient solutions to externalities, even without government intervention. Perfect for students of microeconomics, law & economics, and competitive exams.

✨ Topics covered:

What is the Coase Theorem?

Key assumptions (property rights & transaction costs)

Example: Factory pollution & residents

Implications for efficiency and equity

Limitations in the real world
🏷️ Tags:

Coase Theorem

Ronald Coase

Externalities in Economics

Law and Economics

Property Rights

Transaction Costs

Bargaining and Efficiency

Coase Theorem Example

Environmental Economics

Microeconomics Concepts

Economics Made Easy

Competitive Exam Economics

Видео Coase Theorem Explained | Externalities, Property Rights & Efficiency канала ECONOMIA