Kyle Montanio on Nostr: Property rights are the rules for what you are allowed to do with what you own. ...
Property rights are the rules for what you are allowed to do with what you own. Property rights very much can include damage to other people and property.
Coasian bargaining - a terrible neoliberal idea that won Coase a (fake) Nobel Prize - discusses just that. It doesn't matter if you give polluters the right to harm others with their property or others the right not to be harmed, either way if they are clearly defined the market will correct for the externality.
squifish (npub158d…l27d)
Coasian bargaining - a terrible neoliberal idea that won Coase a (fake) Nobel Prize - discusses just that. It doesn't matter if you give polluters the right to harm others with their property or others the right not to be harmed, either way if they are clearly defined the market will correct for the externality.
squifish (npub158d…l27d)