Definitions from Wiktionary (Coase theorem)
▸ noun: (economics) A theorem stating that, if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property.
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▸ noun: (economics) A theorem stating that, if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property.
Similar:
coobservability,
co-opetition,
coopetition,
Ricardian equivalence,
general equilibrium,
codirection,
cooperative principle,
conscious parallelism,
coincidence theory,
coequality,
more...
Opposite:
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