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The economic term for this is Coasean bargaining. The Coase theorem is that this can in principle be solved privately; in practice, transaction costs and imperf
by scatters 5y ago
The economic term for this is Coasean bargaining. The Coase theorem is that this can in principle be solved privately; in practice, transaction costs and imperfect information usually make government involvement necessary.
- deleted 5y ago[deleted]
- pfdietz 5y agoIndeed! https://news.ycombinator.com/item?id=29222420 https://news.ycombinator.com/item?id=29222420