1. Consider how or if the Coase Theorem can be applied to the following scenarios.
Specifically, think about the following issues for each of these questions:
(i) Are property rights well defined?
(ii) Will trading take place?
(iii) Are any of the
Consider the following environmental issues. For each of them, describe someone who benefits from
environmental protection, and someone who would bear costs from environmental protection.
Describe those benefits and cos
MID TERM EXAM
(1) Classify OR group the goods below into:
(i) private, (ii) public, (iii) nonexcludable and rival, (iv) excludable and nonrival.
Fisheries in the open ocean, Works of art, cup of coffee, mineral deposits