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A Coasean solution to NIMBYism! I think there's merit in this, but when you expand it to the bigger problem of the landed and the landless, you see how it fail
by bufordsharkley 10y ago
A Coasean solution to NIMBYism!
I think there's merit in this, but when you expand it to the bigger problem of the landed and the landless, you see how it fails to scale: a Coasean solution to landlessness is equivalent to a Coasean solution to slavery-- but slaves can't exactly afford to buy themselves out of their situation...