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The Paper River: A Demonstration of Externalities and Coase's Theorem.
- Source :
-
Journal of Economic Education . Spr 1999 30(2):141-147. - Publication Year :
- 1999
-
Abstract
- Presents a classroom simulation in which one firm pollutes the water used by another. Includes a detailed outline and discussion of the preparations and materials required, and the procedure for running the simulation. Argues that students learn how property rights provide a market solution to pollution costs. (DSK)
Details
- Language :
- English
- ISSN :
- 0022-0485
- Volume :
- 30
- Issue :
- 2
- Database :
- ERIC
- Journal :
- Journal of Economic Education
- Publication Type :
- Electronic Resource
- Accession number :
- EJ588680
- Document Type :
- Guides - Classroom - Teacher<br />Journal Articles