Understanding Coase theorem the kindergarten way…

One surprising thing to read is highly math based papers for figuring the Coase theorem and its applications. For someone who shunned math openly and still won all accolades, it really is something.

Came across this really neat paper by Prof. Jeremy Kidd of  Walter F. George School of Law. He tries to explain the Coase theorem in a really simple way. So it is not in a kindergarten setting but in a kindergarten kind of language so that basics can be understood.

Excellent stuff.

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