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Coase Theorem

by Jadrian

Paladin is hired to settle an issue between a vineyard owner and a neighboring oilman. The smoke and runoff from the oil well are damaging the grapes of the award-winning vintner. This is a classic case of externalities and the Coase Theorem would suggest the two could meet and solve the problem on their own (if there were low transaction costs), but the Coase Theorem wasn't written about until two years AFTER this episode aired. 

Have Gun -- Will Travel: Bitter Wine

Paladin helps a vinter and oilman solve a disupte

from Have Gun Will Travel (1958)
Creator: Sam Rolfe
Distributor: CBS
Posted by Jadrian
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