3min chapter

Patrick Boyle On Finance cover image

Shell's Fake Carbon Credit Scandal Explained!

Patrick Boyle On Finance

CHAPTER

Exploring Externalities and the Coase Theorem in Economics

Exploring the impact of externalities on individuals and firms, focusing on concepts from Ronald Coase's influential law review article on social cost. Discussion includes how externalities in consumption, production, and investments influence decision-making, alongside an overview of the Coase theorem in addressing issues like pollution in competitive markets.

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