1.3. Palm Springs, California, was once the playground of the rich and famous-for example, the town has...
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1.3. Palm Springs, California, was once the playground of the rich and famous-for example, the town has a Frank Sinatra Drive, a Bob Hope Drive, and a Bing Crosby Drive.
The city once had a law against building any structure that could cast a shadow on anyone else's property between 9 AM and 3 PM
(Source: Armen Alchian and William Allen.
1964. University Economics, Belmont, CA:
Wadsworth). What are some alternatives to this command and control solution? Are they any better than this approach?
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Related Book For
Modern Principles Microeconomics
ISBN: 9781429239998
2nd Edition
Authors: Tyler Cowen, Alex Tabarrok
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