stackyFACTSSometimes the most efficient way to solve a dispute is just to buy your opponent's cooperation.
Sometimes the most efficient way to solve a dispute is just to buy your opponent's cooperation. The Coase theorem suggests that if transaction costs are low, parties can privately negotiate a perfect resolution to external annoyances. If your neighbor's loud stereo is causing you intense misery, and you value silence more than they value blasting heavy metal, you can literally just offer them a small bribe to unplug the speakers, restoring neighborhood harmony.
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