The Paper River: A Demonstration of Externalities and Coase's Theorem.

Hoyt, Gail M.; Ryan, Patricia L.; Houston, Robert G., Jr.

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Peer reviewed

ERIC Number: EJ588680

Record Type: CIJE

Publication Date: 1999

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

EISSN: N/A

Available Date: N/A

The Paper River: A Demonstration of Externalities and Coase's Theorem.

Hoyt, Gail M.; Ryan, Patricia L.; Houston, Robert G., Jr.

Journal of Economic Education, v30 n2 p141-47 Spr 1999

Presents a classroom simulation in which one firm pollutes the water used by another. Includes a detailed outline and discussion of the preparations and materials required, and the procedure for running the simulation. Argues that students learn how property rights provide a market solution to pollution costs. (DSK)

Descriptors: Economics Education, Environmental Education, Higher Education, Role Playing, Secondary Education, Simulation, Teaching Methods, Units of Study

Publication Type: Guides - Classroom - Teacher; Journal Articles

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A