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: Coase theorem | Statement: [Chicago School economics, notableConcept, Coase theorem]

Target entity: Coase theorem
Context triple: [Chicago School economics, notableConcept, Coase theorem]

• A. 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.
• B. Nash bargaining solution
  The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
• C. Rubinstein bargaining model
  The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
• D. Pigouvian taxes
  Pigouvian taxes are corrective taxes designed to address negative externalities by aligning private costs with social costs, thereby improving overall economic efficiency.
• E. On Equilibrium
  On Equilibrium is a philosophical work by John Ralston Saul that explores the importance of balancing key human qualities—such as reason, ethics, and common sense—to create a more humane and democratic society.
• 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: Coase theorem
Triple: [Chicago School economics, notableConcept, 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.

Target entity: Coase theorem
Target entity description: 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.

• A. 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.
• B. Nash bargaining solution
  The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
• C. Rubinstein bargaining model
  The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
• D. Pigouvian taxes
  Pigouvian taxes are corrective taxes designed to address negative externalities by aligning private costs with social costs, thereby improving overall economic efficiency.
• E. On Equilibrium
  On Equilibrium is a philosophical work by John Ralston Saul that explores the importance of balancing key human qualities—such as reason, ethics, and common sense—to create a more humane and democratic society.
• F. None of above. chosen