To understand the Coase theorem, we first need to introduce another idea, the externality.

为了理解科斯定理，我们首先得介绍另一个概念，就是外部性。

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Therefore, this article the definition of the system is not just limited to the Coase Theorem and the North against the system definition.

因此本文对制度的定义并不仅仅局限于科斯定理以及诺斯对制度的定义。

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The Coase Theorem also may be relevant to analyzing situations involving relatively small Numbers of individuals, such as some nuisance cases.

科斯定律也有助于分析涉及少量个人的案例。如一些妨害案例。

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The significance to me of the Coase Theorem is that it undermines the Pigovian system.

FORBES: Telecommunications And The Public Use Principle

Mr Freeman cites the Coase theorem to show why this might be so.

ECONOMIST: The world is not converging on a single kind of capitalism

Since standard economic theory assumes transaction costs to be zero, the Coase Theorem demonstrates that the Pigovian solutions are unnecessary in these circumstances.

FORBES: Telecommunications And The Public Use Principle