Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: The Problem of Social Cost | Statement: [Coase theorem, relatedTo, The Problem of Social Cost]

Target entity: The Problem of Social Cost
Context triple: [Coase theorem, relatedTo, The Problem of Social Cost]

• A. Coase theorem
  The Coase theorem is an economic theory stating that if property rights are well-defined and transaction costs are negligible, private bargaining will lead to an efficient allocation of resources regardless of the initial assignment of rights.
• B. The Economics of Welfare
  The Economics of Welfare is a foundational 1920 economics treatise by Arthur Cecil Pigou that systematically develops welfare economics and the concept of externalities to analyze the role of government in correcting market failures.
• C. The Economics and Ethics of Private Property
  The Economics and Ethics of Private Property is a libertarian treatise by Hans-Hermann Hoppe that defends private property, free markets, and anarcho-capitalism through praxeological and ethical arguments.
• D. The Theory and Measurement of Demand
  The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
• E. The Scope and Method of Economic Science
  The Scope and Method of Economic Science is a foundational work in economic methodology that examines the proper aims, limits, and scientific status of economics as a discipline.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: The Problem of Social Cost
Triple: [Coase theorem, relatedTo, The Problem of Social Cost]

The Problem of Social Cost is Ronald Coase’s landmark 1960 law-and-economics article that introduced the analysis of externalities and bargaining that underpins what later became known as the Coase theorem.

Target entity: The Problem of Social Cost
Target entity description: The Problem of Social Cost is Ronald Coase’s landmark 1960 law-and-economics article that introduced the analysis of externalities and bargaining that underpins what later became known as the Coase theorem.

• A. Coase theorem
  The Coase theorem is an economic theory stating that if property rights are well-defined and transaction costs are negligible, private bargaining will lead to an efficient allocation of resources regardless of the initial assignment of rights.
• B. The Economics of Welfare
  The Economics of Welfare is a foundational 1920 economics treatise by Arthur Cecil Pigou that systematically develops welfare economics and the concept of externalities to analyze the role of government in correcting market failures.
• C. The Economics and Ethics of Private Property
  The Economics and Ethics of Private Property is a libertarian treatise by Hans-Hermann Hoppe that defends private property, free markets, and anarcho-capitalism through praxeological and ethical arguments.
• D. The Theory and Measurement of Demand
  The Theory and Measurement of Demand is a foundational economics book by Henry Schultz that rigorously develops statistical and mathematical methods for estimating consumer demand.
• E. The Scope and Method of Economic Science
  The Scope and Method of Economic Science is a foundational work in economic methodology that examines the proper aims, limits, and scientific status of economics as a discipline.
• F. None of above. chosen