Orange Blossom Special: Externalities and the Coase Theorem - Econlib

#8220;‘The custom of the orchard’ is an understanding that a certain number of hives are required to pollinate some fixed area, on average.” I grew up on a Valencia farm, in orange country south of Orlando. Twice a year, December and June, air was perfumed with orange blossoms, advertising their sweet nectar. Bees filled the […]

Coase theorem: Negotiating Externalities: The Power of Coase Theorem - FasterCapital

Bees, Pollination, and the Coase Theorem – Religion & Liberty Online

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According to the Coase theorem, private parties can

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