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Exceeded size in 100 it. The item (in the first edition "the Economic theory Well-beings ") or 200 it. The item (in later editions), or that the owner Wood could not notify the company in writing within 7 days after a fire, orThat it has not sent the detailed description of a damage in written form during 21
Day. In the real world the example of Pigu could arise only as a result
The considered choice of the legislator. It is hard to imagine a construction, of course,
The railway in natural state. Most close to it, probably, The railway which uses steam-engines "without the expressed lawful
Permissions of the authorities ". But in this case the railway should compensate
Damage it has burnt what wood. Differently, indemnification would be paid as
Time in the absence of government actions. A situation, at which indemnification
It will not be paid, can arise only as a result of actions
The governments. It is strange that Pigu who obviously considered desirable compensation
Damage, has chosen just this example for demonstration of how it is possible with the help
"State actions to improve" natural "tendencies".
It seems that Pigu it understood a situation. But it is represented also possible
And that it has run into error during the economic analysis. Not too It is desirable, that railways have been obliged to compensate the caused Locomotive sparks a damage from fire. There is no need to show here that if
Railways could conclude transactions with everyone, whose property adjoins to
To the railway, also there would be no costs for the conclusion of such transactions, not
Would have values, whether should be responsible for railways a damage from fires or
No. This question is in detail disassembled in the previous sections. A problem in that,
Whether it is desirable, that railways have been obliged to indemnify a loss in conditions,
When costs for the conclusion of such transactions are excessively great. It it is obvious
Considered desirable to force railways to indemnification payment, and it is simple
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