3 How might either the Coase theorem or the compensation principle help in the following situations?

(a) One neighbor in a subdivision who does not maintain her property and makes it less attractive to everyone (and reduces adjacent property values)

(b) Confl ict between those who want more street lights for safety and those who like dark streets at night because the light doesn’t keep them awake

(c) Access to a limited supply of potable water that households want to use but that farmers would like to have for irrigation

(d) Allocating an unexpected increase in local government revenue for street improvements