Question
Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights (see Property Rights, Excludability, and Externalities on
Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights (see Property Rights, Excludability, and Externalities on page 110 of Stiglitz & Rosengard, 2015).Could chronic air pollution in the Valley of the Sun be mitigated by auctioning off air rights?How would that work?Assess the feasibility of such a proposal.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
