《经济学与法律》教学课件—The-Problem-of-Social-Cost.pptxVIP

Questions on Last Week;Questions on “The Problem of Social Cost”;“Externalities” are Jointly Caused;Price Theory Framework;Farmer and Rancher;Basic Argument;More Cases, the Same Logic;Judge Uke Story;If Transaction Costs are Not Zero;Judge’s Basis for Deciding the Case May Seem Irrelevant to the EconomistBut;A Firm as One Solution;Government Regulation as Another;And the Best Solution Might Be To Do Nothing;Coase’s Advice to Economists;Most economists seem to be unaware of all this. When they are prevented from sleeping at night by the roar of jet planes overhead (publicly authorized and per