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Essay Details:
Essay text:
Market is costly. After the defination of private property rights on air, it is very difficult, even impossible to charge the people who pollute air. The transaction costs of doing so is considerable. The market for exchanging rights to pollute air is too costly to establish.
Because of enormous transaction costs, the government which she can tackle the pollution with least transaction costs is responsible to take that job. Why does the government can tackle the air pollution with least transaction costs? This is because it is only the government who can legislate laws and regulations and use violence (Police) lawfully...
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Common topics in this essay:
- Difficult People
- The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan
- Trade-Related Aspects of Intellectual Property Rights
- Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market
- Air Pollution And Government Itervention
- Dealing with difficult people
- Property Rights
- rousseau and private property
- Life death and property rights
- difficult people
- John Locke: Property Rights
- Protecting Intellectual property rights
- The Coase Theorem says that as long as property rights are clearly defined, externalities do not matter
- View on Intellectual Property Rights
- Intellectual Property Rights And The Society
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