BAFFI, Enrico - In: Journal of Advanced Research in Law and Economics IV (2013) 1, pp. 46-52
This paper examines the positions of Coase and Pigou in regard to the problem of external effects (externalities … efficiency, while Pigou, with some exceptions, is convinced that it is almost always socially desirable to reach marginal … noticeable. On one hand he criticizes Pigou for statements regarding the social desirability of relocating some industries away …