Discuss how practical it may be for two entities

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Reference no: EM133878522

Case Study - Coase Theorem

INSTRUCTIONS:

By utilizing the required readings as a base, compose a paper citing appropriate examples/principles from the texts and include a minimum of TWO (2) academic peer reviewed scholarly journal articles (citations) that bring depth and insight to the paper and at LEAST ONE (1) Bible verse quote. The word count of the citations (cites) and the Bible quote do NOT count in the paper's word count. The paper should focus directly on the posed deliverables. Scripture should be interwoven into the fabric of your paper.

Citation and Reference of Peer Reviewed Journal Articles

Peer reviewed (also called "scholarly" or "academic") journals are publications in which all the articles have been vetted by one or more experts to ensure that they conform to good practices of scholarship. Unlike most magazine articles, peer reviewed articles nearly always contain citations to back up the author's thesis. Please read the detailed definition flowing from the California Polytechnic State University.

Many of you have not been taught how to cite/reference peer reviewed journal articles using the APA writing style. In order to understand how to cite/reference peer reviewed journal articles using the APA writing style

A peer-reviewed article is published in a peer-reviewed journal only after it has been subjected to multiple critiques by scholars in that field. Peer-reviewed journals follow this procedure to make sure that published articles reflect solid scholarship and advance the state of knowledge in a discipline. Looking for last-minute assignment help? Grab it now!

These articles present the best and most authoritative information that disciplines have to offer. Also, through the careful use of citations, a peer-reviewed article allows anyone who reads it to examine the foundation of the claims made in the article. Peer-reviewed articles lead to many articles in a chain of information.

Are scholarly and peer-reviewed articles the same thing?
Peer-reviewed and scholarly journals are related but not identical. Not all scholarly journals go through the peer-review process. However, one can assume that a peer-reviewed journal is scholarly.
How can I tell if an article is a peer-reviewed article?
First of all, make sure it is an ARTICLE (not a textbook). Not everything that appears in a peer-reviewed journal is an article. Peer-reviewed journals also contain items such as editorials and book reviews, and these are not subjected to the same level of critique.

The presence of several of the following traits often indicates that an article is peer-reviewed:
A lot of citations: these may appear in-text, and/or as footnotes, endnotes, works cited, reference list, bibliography.
An Abstract (brief description of the article)
The organization of the article into discrete sections such as Methodology, Results, and Conclusion.
Charts, tables, or graphs.
Complex, formal language that is specific to the field.
Notes indicating when article was submitted and when it was accepted.

Respond to the following questions. Please do not write a narrative. Your paper should concisely express salient points of interest for each question in the order denoted.
Research and explain the Coase Theorem.

Discuss how practical it may be for two entities (individuals, corporations, etc.) to meet the criterion that Professor Coase outlines.

Describe a personal example of a time when you created, or were impacted by a positive or negative externality. Would Prof. Coase's approach have helped in your case? If not, what other remedies might be available?

Note: if you are unable to come up with an example; let me provide some thoughts: e.g. exhaust emanating from a nearby (or even distant) car; second hand smoke; or you save money by pouring your used motor oil in a sewer; or any aspect of the drug trade.

Reference no: EM133878522

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