ADM 614 Grand Canyon University Expanding Private Property Rights Paper
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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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