According to ________, the law's assignment of property rights would have no effect on the way resources would end up being used.
A) Milton Friedman
B) Ronald Coase
C) Aaron Director
D) George Stigler

Question

Quizplus · Accepted Answer

Ronald Coase, in his Coase Theorem, argued that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

According to ________, the Law's Assignment of Property Rights Would