Externalities and the Coase Theorem: A Diagrammatic Presentation
Publication: Journal of Economic Education
Volume: Volume 36, No. 4
Issue: Fall 2005
Pages: 385-390
Author(s): James Halteman (
Address (Principal Author):
James Halteman
Professor
of Economics
Wheaton College
501 College Avenue
Wheaton, IL 60187
Phone: 630-752-5312
Fax: 630-752-7037
Internet Address (Principal Author): James.Halteman@wheaton.edu
Title: Externalities and the Coase Theorem: A Diagrammatic Presentation
Abstract: Coase Theorem is presented with costs and benefits on a continuum where costs vary with the degree of intensity of the externality. This presentation is designed to be introduced at the point of the intermediate microeconomics course where qualifications are put on the perfect competition model.
Fall 2005
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