Application of Coase Theorem
INSTRUCTIONS:
By utilizing the required readings as a base, compose a paper citing appropriate examples/principles from the texts and include a minimum of TWO (2) academic peer reviewed scholarly journal articles (citations) that bring depth and insight to the paper and at LEAST ONE (1) Bible verse quote. The word count of the citations (cites) and the Bible quote do NOT count in the paper’s word count. The paper should focus directly on the posed deliverables. Scripture should be interwoven into the fabric of your paper.Application of Coase Theorem
Citation and Reference of Peer Reviewed Journal Articles Application of Coase Theorem
Peer reviewed (also called “scholarly” or “academic”) journals are publications in which all the articles have been vetted by one or more experts to ensure that they conform to good practices of scholarship. Unlike most magazine articles, peer reviewed articles nearly always contain citations to back up the author’s thesis. Please read the detailed definition flowing from the California Polytechnic State University. Application of Coase Theorem
Many of you have not been taught how to cite/reference peer reviewed journal articles using the APA writing style. In order to understand how to cite/reference peer reviewed journal articles using the APA writing style, please note the following: Application of Coase Theorem
The RU Library has the APA Manual in print form: http://library.regent.edu/record=b1700245~S0
The APA has an abbreviated free guide on their website: http://www.apastyle.org/ Application of Coase Theorem
Additionally, as for bearing down on citing/referencing correctly in APA, the The Purdue Owl : https://owl.english.purdue.edu/owl/section/2/10/ has really established itself as the dominant website for APA style citations/references and even has a good YouTube video on the basics of APA style https://www.youtube.com/watch?v=pdAfIqRt60c&feature=youtu.be
Below is an example of a page taken from the Purdue Owl:Application of Coase Theorem
https://owl.english.purdue.edu/owl/resource/560/10/
Moreover, the RU University Writing Center
http://www.regent.edu/admin/stusrv/writingcenter/home.cfm has many kind instructors who love teaching citation/reference skills to Regent Students. Please use this learning resource, it is free.
Last, but not least; you may contact the RU Business Librarian:
Harold Henkel | Business & Leadership Librarian
Regent University Library | Mail Drop 119
1000 Regent University Drive
Virginia Beach, VA 23464
Tel: 757-352-4198 | Fax: 757-352-4167
Per Brother Henkel, peer reviewed articles may be easily found in the RU Library’s business databases. On the advanced search screen, simply check the box for scholarly/peer reviewed articles, and the database will return only this type of article. For business research, he recommends starting off with Business Source Complete and ABI Inform Complete .
A Peer Reviewed Article Defined:
The California Polytechnic State University, Robert E. Kennedy Library defines a peer-reviewed article as follows:
A peer-reviewed article is published in a peer-reviewed journal only after it has been subjected to multiple critiques by scholars in that field. Peer-reviewed journals follow this procedure to make sure that published articles reflect solid scholarship and advance the state of knowledge in a discipline.
These articles present the best and most authoritative information that disciplines have to offer. Also, through the careful use of citations, a peer-reviewed article allows anyone who reads it to examine the foundation of the claims made in the article. Peer-reviewed articles lead to many articles in a chain of information.
Are scholarly and peer-reviewed articles the same thing?
Peer-reviewed and scholarly journals are related but not identical. Not all scholarly journals go through the peer-review process. However, one can assume that a peer-reviewed journal is scholarly.
How can I tell if an article is a peer-reviewed article?
First of all, make sure it is an ARTICLE (not a textbook). Not everything that appears in a peer-reviewed journal is an article. Peer-reviewed journals also contain items such as editorials and book reviews, and these are not subjected to the same level of critique.
The presence of several of the following traits often indicates that an article is peer-reviewed:
· A lot of citations: these may appear in-text, and/or as footnotes, endnotes, works cited, reference list, bibliography.
· An Abstract (brief description of the article)
· The organization of the article into discrete sections such as Methodology, Results, and Conclusion.
· Charts, tables, or graphs.
· Complex, formal language that is specific to the field.
· Notes indicating when article was submitted and when it was accepted.
Please note the following Grading Guidelines for Case Study Papers:
There are certain expectations that transcend the grading of a paper in this class. The syllabus states that students are to follow the APA Writing Style & Formatting Guidelines.
The papers are somewhat subjective; therefore, grade reduction usually results from the paper lacking one or more of the following:
Did not include a separate Title Page = minus 3 points
Did not include a separate Reference Page = minus 3 points
Did not include one peer reviewed journal article citations = minus 3 points
Note: a Textbook, Wikipedia, Investopedia, etc. are NOT peer reviewed
Did not include a quoted and APA cited Bible Scripture (complete verse) = minus 10 points
If you have technical problems with Canvas, please contact the Help Desk/IT department. You may e-mail the Help Desk at: helpdesk@regent.edu or call at (757) 226-4076.
These APA additions, references, citations and quotes are NOT a part of the word count that should be at least 300 words. In APA style, citations are in-text references that point to a full citation in the reference list at the end of the paper. References are the full entries for each source used in the paper, providing details for readers to locate the source. Quotes are passages taken verbatim from a source, and in APA, they are cited with an in-text citation and, if the quote is 40 words or more, formatted as a block quote.
Moreover, a paper exceeding 700 words will result in a grade reduction.
Submit your assignment by clicking the title link. Simply click on the link, then type in your comments to the Professor if you have any, click on Browse and attach the Word Document with your assignment from your hard drive. Make sure to click Submit to send your assignment to your instructor.
Please copy/paste the following URLs for information on Scholarly and Peer-Reviewed Articles
What are Scholarly and Peer-Reviewed Articles?
https://www.youtube.com/watch?v=UDBGzKXoFis&feature=youtu.be
Finding Scholarly and Peer-Reviewed Articles
https://www.youtube.com/watch?v=Z3y_2wzCS0c&feature=youtu.be
DELIVERABLES: “Coase Theorem”
Utilizing the RU Library resources and www; research work by Dr. Ronald Coase (who won a Nobel Prize for his work) appertaining to what is known as the “Coase Theorem”. Some economists see this theorem as a tautology, while others see it as powerfully insightful.
Respond to the following questions. Please do not write a narrative. Your paper should concisely express salient points of interest for each question in the order denoted.
1. Research and explain the Coase Theorem. ,
2. Discuss how practical it may be for two entities (individuals corporations etc.) to meet the criterion that Professor Coase outlines. ,
3. Describe a personal example of a time when you created or were impacted by a positive or negative externality., Would Prof. Coase’s approach have helped in your case? , If not what other remedies might be available?,
Note: if you are unable to come up with an example; let me provide some thoughts: e.g. exhaust emanating from a nearby (or even distant) car;
second hand smoke; or you save money by pouring your used motor oil in a sewer; or any aspect of the drug trade.
Your only limitation to the content of this paper is your imagination.
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