Analyzing Property Rights as a Solution to Light Pollution
A company plans to install a large, brightly-lit digital billboard along a highway that passes through a rural area famous for its dark, starry nights, which attract tourists to local inns and observatories. This billboard would create significant light pollution. Analyze how the formal assignment of a 'right to a dark sky' to the community of local business owners would alter the economic decision-making of the billboard company. In your analysis, explain the two primary paths the company could take in response to this newly established property right.
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Social Science
Empirical Science
Science
CORE Econ
Economy
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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Analyzing Property Rights as a Solution to Light Pollution
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