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Why was there no Coasean solution to the American Revolution?

Sebastian Galiana and Gustavo Torrens have a new NBER paper on this underappreciated question: Why did the most prosperous colonies in the British Empire mount a rebellion? Even more puzzling, why didn’t the British agree to have American representation in Parliament and quickly settle the dispute peacefully? At first glance, it would appear that a […] The post Why was there no Coasean solution to the American Revolution? appeared first on Marginal REVOLUTION.
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