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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the Problems with Extending Property Rights

Author: eric_galvao



Answer:

-Hard for Government to Extend Property Rights - may be a lack of Information -Externalities from one Nation can affect More than One Nation. If Deforestation occurs in Malaysia, how can the UK extend Property Rights? -Costs of Suing a Firm or Individual that Harms Property Rights can Disincentivise Firms from Taking Action to Uphold those Rights -Hard to put a Value on its Use -Hard furthermore to find the Source of Environmental Damage. A Spillage to a River with Chemicals may be impactful Further Away


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