ECONOMIC INSTRUCTION - The Paper River Revisited: A Common Property Externality Exercise - This simulation illustrates the application of the Coase theorem to solve an externality problem in which multiple students attempt to negotiate property rights to a productive resource. Because students do not work in pairs, this simulation provides a realistic extension of the original Paper River exercise ...
| Year of publication: |
2002
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| Authors: | Andrews, Thomas P. |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 33.2002, 4, p. 327-332
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