@tim_groseclose : 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 • TwiCopy

Tim Groseclose

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

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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

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