2 ms·
call me a dummy but i could never figure out how coase's theorem applies to firms - i've read all of the examples about allocating spectrum and land and water r
by mlevental 9y ago
call me a dummy but i could never figure out how coase's theorem applies to firms - i've read all of the examples about allocating spectrum and land and water rights but i don't see what it has to do with hiring practices.
- ameliaquining 9y agoRonald Coase is best known for two different works, "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). What's become known as the "Coase theorem" is from the latter. The common thread between the two is that they're both ultimately about transaction costs.
- mlevental 9y agothank you