7.) The Coase theorem states that any governmental “assistance” that requires increases in transaction costs is simply bad. When Coase was asked “ What is an example of a bad regulation?” He replied, “ I can’t remember one that’s good.” | 7.) The Coase theorem states that any governmental “assistance” that requires increases in transaction costs is simply bad. When Coase was asked “ What is an example of a bad regulation?” He replied, “ I can’t remember one that’s good.” |