Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10003561189
The fact that, according to the celebrated Coase Theorem, rational parties always try to exploit all gains from trade is usually taken as an argument "against" the necessity of government intervention through Pigouvian taxation in order to correct externalities. However, we show that the hold-up...
Persistent link: https://www.econbiz.de/10005195263