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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“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
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