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Market is costly. After the defination of private property rights on air, it is very difficult, even impossible to charge the people who pollute air. The transaction costs of doing so is considerable. The market for exchanging rights to pollute air is too costly to establish.
Because of enormous transaction costs, the government which she can tackle the pollution with least transaction costs is responsible to take that job...
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Market is costly. After the defination of private property rights on air, it is very difficult, even impossible to charge the people who pollute air. The transaction costs of doing so is considerable. The market for exchanging rights to pollute air is too costly to establish.
Because of enormous transaction costs, the government which she can tackle the pollution with least transaction costs is responsible to take that job...
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General points of the essay
Difficult People
The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan
The Anti-Condominium Conversion Movement: a Violation of Constitutional Property Rights
Trade-Related Aspects of Intellectual Property Rights
Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market
Air Pollution And Government Itervention
Dealing with difficult people
Property Rights
rousseau and private property
Life death and property rights
John Locke: Property Rights
Protecting Intellectual property rights
The Coase Theorem says that as long as property rights are clearly defined, externalities do not matter
View on Intellectual Property Rights
Intellectual Property Rights And The Society
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