https://cuicaihao.github.io/tags/coase-theorem/Recent content in Coase Theorem on C.CUI's LogHugoen-AUWed, 10 Jun 2026 07:00:00 +1000https://cuicaihao.github.io/posts/2026-06-10-externality/Wed, 10 Jun 2026 07:00:00 +1000https://cuicaihao.github.io/posts/2026-06-10-externality/Although soft institutions are elegant and beautiful, a free society ultimately needs some form of coercion to address ’externalities’ that cause mismatches between private and social ledgers. This post explores Pigou taxes, Samuelson’s public goods, Olson’s free-rider trap, Coase’s property negotiation, and Ostrom’s community self-governance. It delves into how humanity uses engineering-like self-governing principles and nested polycentric governance to resolve public conflicts and achieve optimal cooperation.