Keyword: enforcement costs

A Good Fence Makes Good Neighbors (4/19/2001)

Fencing makes it easier to enforce property rights.

Keywords: enforcement costs, fence, negative externality, property rights, spillover costs

Scoop Your Poop (11/2/2011)

Enforceable property rights reduce external costs.

Keywords: enforcement costs, external costs, fence, property rights

Why Are Better Seats "Underpriced"? (10/24/2000)

Better seats might be deliberately underpriced to sell them out so as to prevent customers with cheaper seats to switch to unoccupied better and more expensive seats.

Keywords: elasticity, enforcement costs, revenue maximization, scalping, seat switching, seats, ticket, underpriced, wealth maximization