THE COASE THEOREM: ASSUMPTIONS, APPLICATIONS AND AMBIGUITIES

作者: GEORGE DALY

DOI: 10.1111/J.1465-7295.1974.TB00240.X

关键词:

摘要: The consequence is that, whereas the normal way of testing a theory in positive economics to test its conclusions, welfare proposition assumptions. significance this should not be overlooked. In we often simplify our assumptions as cavalierly please, being confident knowledge that their appropriateness will tested when come apply conclusions inherent them observations world about us. can entertain no such confidence. result must scrutinized with care and thoroughness.

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