MASTER Pigouvian Taxes and the Coase Theorem in JUST 5 Minutes

In this video I talk about Pigouvian Taxes and the Coase Theorem and how both Pigouvian Taxes and the Coase Theorem lead to the marker internalizing an externality. I explain Pigouvian Taxes and the Coase Theorem. Timestamps: 0:00 - The Basic Idea 1:04 - Running Example 1:50 - Pigouvian Taxes Explained 3:23 - Coase Theorem Explained