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You wouldn’t think there was a need for a Coase Theorem, really.

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Ronald Coase

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I kicked off… and things went on from there… down and down.

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Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they’re going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn’t going to last very long in that firm.

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May 26, 2024

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they’re going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn’t going to last very long in that firm.

Previous

May 26, 2024

I kicked off… and things went on from there… down and down.

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