This lecture answers:
- Can we achieve the efficient outcome without government intervention?
- What does the Coase theorem say?
- What are the limits to Coasean bargaining?
Slides are below. The HTML slides will open in your browser and you might need to install the Lato font for it to look like it does in class. If you use the HTML slides you can navigate with the left and right arrows. Pressing ‘o’ lets you see all the slides.