Теорема Коуза: шум фабрики

Whether the final output level will be Pareto efficient depends on who has the initial property rights

The nurses would be better off in the bargained allocation if they initially had a right to undisturbed sleep than they would if the factory has the right to make noise

If the factory has the right to make noise, it will prefer not to bargain with the nurses

If the nurses have the initial rights, they will obtain all of the net social gain from factory production