negative externalities...simply, my action imposes private, but also social costs; Ronald Coase, Nobel Prize Economist suggested that regardless who has the property right, if the transaction costs are low (negotiating cost) optimal solutions will be reached; but, in this epidemic times, it is more than just a bickering among two neighbors;

so, elaborate, on what would be a more superior approach to suppress negative externalities (bad behavior) from the leadership standpoint; Is Adam Smith and laisse-fair approach ok (something that Sweden does), or should we go to the extreme and elect a King (dictator) who will use unlimited power to restore the order (perhaps what Chinese strategy was). Are you responding to simple messaging to stay home, or would it take a serious fine (up to $500 in my Croatia) to be obedient? Please respond with a thorough response