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The Public Choice III by D. C. Mueller has whole chapter with mathematical exposition of the Coase theorem. His exposition includes both the general case and practical examples. Also I think Mueller strikes very good balance between rigor and simplicity. You will also find some treatment of the theorem from Game Theory perspective in Game Theory: An ...


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Areas such as San Francisco Bay Area have very strict zoning laws. In fact as this source shows in San Francisco Bay Area many houses are restricted to be single family houses. The source focuses mainly on Berkeley and Oakland but discusses also the situation of the wider area. Adding an extra story just for your own family might not be economical even if ...


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