For the Coase theorem to work there must be clear assignment of property rights.

Name: For the Coase theorem to work there must be clear assignment of property rights.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The Coase theorem states that if property rights are well-defined and transaction costs are low, then private parties can negotiate and find an optimal allocation of resources without government intervention. Therefore, clear assignment of property rights is essential for the Coase theorem to work.

For the Coase Theorem to Work There Must Be Clear