The Problem of Social Cost - Agricultural & Applied Economics
satisfactory manner: when the damaging business has. *Coase. ... aeroplanes, mobile radio and other means, the amount of damage ...... trative agency) may, to deal with the problem of ..... have been satisfied; interfercnce with a telephone or.
Page 1 .... be solved in a completely satisfactory manner: when the damaging business has. *Coase. ...... the timber. Then it would have been the wall-builder ...
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phases of business cycles, credit booms and pro-cyclicality could be contained by tightening .... to technological shocks require variations in bank capital requirements over time. .... expected marginal benefit is the sum of the deposit return,.
