Course

Coase Theorem

Instructor: Alex Tabarrok, George Mason University

This is " The Coase Theorem " from our Principles of Economics: Microeconomics course. In this video, we show how bees and pollination demonstrate the Coase Theorem

This is "The Coase Theorem" from our Principles of Economics: Microeconomics course.

In this video, we show how bees and pollination demonstrate the Coase Theorem in action: when transaction costs are low and property rights are clearly defined, private arrangements ensure that the market works even when there are externalities. Under these conditions, the market properly manages externalities.

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