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You'll notice that Homer prefers the house at colder temperatures. Suppose Homer has the legal rights to the thermostat. Suppose he doesn't value Bart or
You'll notice that Homer prefers the house at colder temperatures. Suppose Homer has the legal rights to the thermostat. Suppose he doesn't value Bart or Marge's private benefits and suppose they cannot pay him to raise the temperature: by how much would he change the temperature, if at all? What would he base his decision on
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