Search results for: “social problem”
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The Problem of Social Cost
The Problem of Social Cost RONALD COASE I. THE PROBLEM TO BE EXAMINED This paper is concerned with those actions of business firms which have harm- ful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighbouring properties. The economic analysis of such…
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The Problem of Social Cost
The Problem of Social Cost RONALD COASE I. THE PROBLEM TO BE EXAMINED This paper is concerned with those actions of business firms which have harm- ful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighbouring properties. The economic analysis of such…