Difference between revisions of "Talk:Coase theorem"
(Created page with 'Andy, I was mistaken in stating that the Coase theorem is an appropriate justification for cap and trade, because it is not. The Coase theorem would not interfere with the level...') |
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Revision as of 04:35, August 13, 2009
Andy, I was mistaken in stating that the Coase theorem is an appropriate justification for cap and trade, because it is not. The Coase theorem would not interfere with the level of production, just the initial allocation of property. Thus, I'll correct my edits. Your paragraph on excuses is fine. What I will do is maybe expound on some of the things you've written, so that readers can know precisely what the Coase theorem states and what it does not state. Namely, the Coase theorem does not state that there is an interference in the level of production either through a quota or through taxes. The Coase theorem only states that invariance occurs regardless of the initial allocation. FYI, half of Google's sources on the Coase theorem get it wrong. Brown25 00:35, 13 August 2009 (EDT)