ADM-614 Topic 2 DQ 1 Some economists, like Ronald Coase, argue that many public-good problems would be resolved by expanding private property rights

 

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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Course: ADM-614 Economics for Public
School: Grand Canyon University

  • 07/05/2022
  • 14
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