A Coasian Solution, named after the economist Ronald Coase, is an economics solution resulting from the use of the Coase Theorem to achieve economic efficiency in the presence of externalities without government intervention.
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“Who shall forbid a wise skepticism, seeing that there is no practical question on which any thing more than an approximate solution can be had? Is not marriage an open question, when it is alleged, from the beginning of the world, that such as are in the institution wish to get out, and such as are out wish to get in?”
—Ralph Waldo Emerson (1803–1882)
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