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\nExtension of Property Rights and the Coase Theorem\n

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\nIn this video, the topic of the extension of property rights is discussed, and how governments use it to correct market failure. The Coase theorem is explained and an example is given to illustrate this principle. The video also explains...\nIn this video, the topic of the extension of property rights is discussed, and how governments use it to correct market failure. The Coase theorem is explained and an example is given to illustrate this principle. The video also explains that transaction costs exist in reality and can make it difficult to enforce property rights.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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7:57
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, rights, property rights, cost, light, governments
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Additional Tags

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a-level, lectures, micro, intervention, 10.2c, extension, of, property, tom values, transaction costs, economic agents, efficient outcome, james thinks, tree stays, costs, efficient, outcome, awarded, people, james, fisherman, offer, tree, unit, resource, fact, view, order, stay, cutting, situation, absence, blocking, reach
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Extension of Property Rights and the Coase Theorem\" href=\"/subscription/new\">\"Extension\n\n
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