From 905d5e7c4dbda04fb01b54e6d3ff90df3202e9c7 Mon Sep 17 00:00:00 2001 From: wellspringcp <69349872+wellspringcp@users.noreply.github.com> Date: Sat, 12 Sep 2020 20:00:22 +1000 Subject: [PATCH] Create 06-title-management-apologia.md --- 06-title-management/06-title-management-apologia.md | 7 +++++++ 1 file changed, 7 insertions(+) create mode 100644 06-title-management/06-title-management-apologia.md diff --git a/06-title-management/06-title-management-apologia.md b/06-title-management/06-title-management-apologia.md new file mode 100644 index 0000000..c65b428 --- /dev/null +++ b/06-title-management/06-title-management-apologia.md @@ -0,0 +1,7 @@ +# Natural resources: Apologia + +`WS` takes the novel approach of extending private property further than ever before, as we realize that the reason for most externalities is not that costs and benefits cannot be priced onto the right actors, but that the legal framework impedes pricing the costs and benefits of usage onto the right actors. + +> Give example: pollution of a river by an upstream actor, etc. + +Additionally, a lot of co-ordination problems can be privatized this way, such as flight paths and so on.