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.
Famous quotes containing the word solution:
“I herewith commission you to carry out all preparations with regard to ... a total solution of the Jewish question in those territories of Europe which are under German influence.... I furthermore charge you to submit to me as soon as possible a draft showing the ... measures already taken for the execution of the intended final solution of the Jewish question.”
—Hermann Goering (1893–1946)
Related Phrases
Related Words