Wednesday, February 25, 2015
Chapter 3. Private party's were brought up in page 64. The talk about private parties caught my attention especially when the Coase Therum had a big effect on an Ohio Power Plant. No matter what, whoever makes use of the resource will win out in the right to do whatever it is they need to do. I found it real interesting that the Ohio Power Plant decided to give up 20 million to insure citizens to leave their estates and get on with their life. The Town of 200 was next to none now due to Private Party advantage. The question I ask is would this ever be the case in large populated areas and do Companies have the incentives to do so?
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