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Suppose the owner of a boat, on seeing an impending storm, moored his boat to a dock without first obtaining the dock owner's permission. During
Suppose the owner of a boat, on seeing an impending storm, moored his boat to a dock without first obtaining the dock owner's permission. During the course of the storm, the boat did $ worth of damages to the dock; but the boat which was worth more than $ was saved. The dock owner sued for damages and won. a What assignment of the right to use the dock, and what rule for protecting that right property rule or liability rule are implied by the court's ruling b Provide an economic justification for this decision
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