Coase theorem

English

Introduced by Ronald Coase.

Coase theorem

(economics) A theorem stating that, if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property.

单词	Coase theorem
释义	Coase theorem English Etymology Introduced by Ronald Coase. Proper noun Coase theorem (economics) A theorem stating that, if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property.
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