biggz7872 biggz7872
  • 26-03-2019
  • Social Studies
contestada

Offering to pay the passenger in front of you to keep her from reclining her airplane seat is an example of

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andriansp andriansp
  • 06-04-2019

The answer is: a Coasian solution to an externality situation

Coasiaon solution refers to a way of thinking that people have that make them willing to have some sort of economic expense in order to solve an external problem rather than having to endure a certain level of discomfort.

This type of behavior is much more common if the 'expense' is considered as a low transaction cost and both parties involved will both gain some sort of value from the exchange.

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