Market Failure and Coase Theorem - Part 1

Explore the concepts of market failure and the Coase Theorem in this 35-minute lecture. Delve into Palmer, Oats and Portney's framework to understand the cost of regulation, examine the intricacies of markets and market failures, and gain insights into the fundamental principles of the Coase Theorem. Enhance your understanding of economic theory and its practical applications in addressing market inefficiencies.