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Title: Why are externalities associated with common property rather than private property? Post by: vfairch on Aug 23, 2018 Why are externalities associated with common property rather than private property?
Title: Why are externalities associated with common property rather than private property? Post by: Galindoux21 on Aug 23, 2018 When private property rights exist, individuals can take someone to court and collect damages when the actions of that person damage the individual's property. When the person has to pay damages, the externality is internalized. With common property, no one can exclude anyone else and there is no legal recourse for collecting damages from the person.
Title: Why are externalities associated with common property rather than private property? Post by: vfairch on Aug 23, 2018 :heavy_check_mark:
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