EconExperiments - Negative Externality
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Negative externality | ||
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Coase Theorem | ||
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Students work in pairs. One student uses 5 small pieces of paper as rough papers to calculate a set of maths in order to gain points. The other student is requested to fold clean paper airplanes on the same 5 small pieces of paper. Therefore, the one who folds paper airplane needs to erase the pencil marks before folding. | ||
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In the second round, students are allowed to compromise on their payment scheme for using blank papers. Teacher observes the changes in their production behavior for later discussion. | ||
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