Tim Groseclose (@tim_groseclose) 's Twitter Profile
Tim Groseclose

@tim_groseclose

Economics professor at George Mason Univ. Author of Cheating, Left Turn. Recovering political scientist.

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linkhttp://timgroseclose.com calendar_today28-06-2011 16:14:43

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Tim Groseclose
@tim_groseclose

2 months ago

Every econ major should understand the Coase Conjecture. It addresses the case where a monopolist sells a product like a book---i.e., the product, for all intents and purposes, lasts forever and no customer wants to buy more than one unit of it. Coase offered a brilliant