The Coase Theorem and Parties

A conversation in Carow Hall:

Can I bring anything to the party tonight?

No thanks.  I’m stopping by the store on the way home and there’s no point both of us shopping.

Ah, the Coase Theorem.

Yeah, since there are no women involved we can be efficient.

I might add that we all had a good laugh when my wife arrived at the party a little later than I bearing all kinds of gifts.  The other speaker has sworn me to secrecy but let’s just say he is not the sort of person to argue without evidence.   


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