Skip to content

The Coase Theorem In Action

The Coase Theorem In Action published on

When transaction costs are sufficiently low, private market transactions work very well for reallocating property rights to their highest valued use. That’s the basic idea of the notion George Stigler popularized as “the Coase Theorem”. Looks like US Bank not only recognizes it, but sees themselves as lowering transaction costs with their app. (HT Greg Mankiw)

Primary Sidebar

%d bloggers like this: