Beaulier, Scott; Mixon, Franklin; Cebula, Richard - Volkswirtschaftliche Fakultät, … - 2013
This note provides a modern story for principles instructors to use as a supplement to textbook accounts of problems associated with externalities and the applicability of the Coase theorem. Our story begins in July of 1988, when Larry Ellison paid $3.9 million for a home in the Pacific Heights...