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:
“The truth of the thoughts that are here set forth seems to me unassailable and definitive. I therefore believe myself to have found, on all essential points, the final solution of the problems. And if I am not mistaken in this belief, then the second thing in which the value of this work consists is that it shows how little is achieved when these problems are solved.”
—Ludwig Wittgenstein (18891951)
Related Phrases
Related Words