3 ms·
Market replacing firms. I like the way you phrased things. It's more precise than my current explanation. I don't have much to add other than I really liked you
by heimatau 11y ago
Market replacing firms. I like the way you phrased things. It's more precise than my current explanation. I don't have much to add other than I really liked your breakdown. We have an complex market, thanks for describing Coase's paper.
- netcan 11y agoIf you're interested, the original paper is very accessible. He also interviewed on econtalk shortly before his passing. Still sharp (and cranky about everyone misunderstanding "Coase Theorem" well into his 90s. http://www.econtalk.org/archives/2012/05/coase_on_extern.html http://www.econtalk.org/archives/2012/05/coase_on_extern.htm...