Tags » Coase

Coase on the coast

(featured image: Adam Piggott CC0)

Should we negotiate more with our fellow humans for a better life?

A couple of weeks ago, I spent a few days on the English south coast, in unexpectedly clement weather. 1,269 more words

Behavioural Economics

Externalities: A Brief Introduction

Externalities:  What are they?

Externalities are an important piece of the real-world optimization problem consumers and producers solve daily.  Most of the general public is aware of this concept but has not yet seen it formally discussed.   2,908 more words

Economics