In defense of Coase, the "flaw" is part of the theorem and discussion in the original paper, and Coase himself wrote extensively about the problem of using his

In defense of Coase, the "flaw" is part of the theorem and discussion in the original paper, and Coase himself wrote extensively about the problem of using his conclusion while ignoring his assumptions. https://en.m.wikipedia.org/wiki/Coase_theorem https://en.m.wikipedia.org/wiki/Coase_theorem