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A metal - stamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It
A metalstamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It would cost the factory $ million to move; it would cost $ million for the day care center to move. Sound insulation for the factory costs $ million; insulation for the day care center costs $ The court determines that the day care center has the property right. What would be the Coase solution to this problem? The day care center should buy its own insulation. The factory should install sound insulation because that is cheaper than moving. The day care center should move. The factory should buy insulation for the day care center. The factory should pay the day care center to move.
A metalstamping factory moves next to a day care center. Noise from the factory makes it impossible for the kids to nap. It would cost the factory $ million to move; it would cost $ million for the day care center to move. Sound insulation for the factory costs $ million; insulation for the day care center costs $ The court determines that the day care center has the property right. What would be the Coase solution to this problem?
The day care center should buy its own insulation.
The factory should install sound insulation because that is cheaper than moving.
The day care center should move.
The factory should buy insulation for the day care center.
The factory should pay the day care center to move.
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