[ExI] External costs (was Re: are all cultures equivalent?)

Rafal Smigrodzki rafal.smigrodzki at gmail.com
Tue Apr 21 15:34:00 UTC 2009

On Tue, Apr 21, 2009 at 8:45 AM, Stathis Papaioannou <stathisp at gmail.com> wrote:
> 2009/4/21 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:
>> ### The main point of my paragraph is that once you agree on a method
>> of generating property rights (be it polycentric, or other less smart
>> ways) it is a very bad idea to break such laws, whatever their
>> specific content might be.
> But you could have property rights to an important natural structure
> such as a lake with agreed to restrictions on what you can do to it,
> as there are restrictions on what you can do with your house in most
> places. Preserving the natural environment is not less important than
> preserving the ambiance of a neighbourhood.

### Sure. You can structure property rights in many ways, and a good
law will cater to the needs of those using it. How does that relate to
the question of whether externalities are best dealt with by
property/tort/contract/polycentric law vs. statutory/monopolistic law?


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