The Coase Theorem is definitely an interesting concept! I agree that low transaction costs are key, and it's fascinating how it applies to real-world negotiations and problem-solving.
It's seems so simple that it could come to a simple agreement of conflict and resolution, however, the two parties involved continue to stay in gridlock if there is a lot on the line.
The Coase Theorem is very interesting. Can't wait to learn more on this in class.
ReplyDeleteThanks for the video, George! You have introduced me to a brand new topic.
ReplyDeleteThis reminds me of when I negotiated for goods in Morocco.
ReplyDeleteThe Coarse Theorem confuses me as to why it would work best without large transaction costs especially with things such as lawyers or paper work?
ReplyDeleteI need to use the Coase Theorem in my everyday arguments. It is necessary for smaller deals.
ReplyDeleteI think the most important part of the Coase theory is the willingness for parties to solve the problem.
ReplyDeleteWOW! interesting!
ReplyDeleteThe video was helpful in explaining common human behavior that bleeds over into the business world!
ReplyDeleteGreat video! thank you for introducing me to something I never knew about.
ReplyDeleteVery interesting, I like the metaphor you gave.
ReplyDeleteThe Coase Theorem is definitely an interesting concept! I agree that low transaction costs are key, and it's fascinating how it applies to real-world negotiations and problem-solving.
ReplyDeleteThe willingness of the parties to resolve the issue is, in my opinion, the most crucial component of the Coase theory.
ReplyDeleteVery intriguing topic, thank you for the introduction!
ReplyDeleteIt was interesting to learn about how the coase theorem helps to solve problems efficiently.
ReplyDeleteThe coarse theorem is something that can be used on a daily basis.
ReplyDeleteThis is a very interesting topic, I can see this being applied in my everyday life as a way to solve problems.
ReplyDeleteThis video was very fascinating and opened my eyes to a new topic.
ReplyDeleteInteresting to learn about this and now be able to use it in everyday life.
ReplyDeleteIt's seems so simple that it could come to a simple agreement of conflict and resolution, however, the two parties involved continue to stay in gridlock if there is a lot on the line.
ReplyDelete