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To the previous article Federal Communications Commission, p. 26 - 27, Coase I
Has referred to an example of the confectioner which noise and vibration of the cars disturbed
To work to the doctor. To relieve of a damage of the doctor, it is necessary to draw a damage on
The confectioner. The problem in this case was reduced, in effect, to, whether costs,
Having limited methods of manufacture accessible to the confectioner, to provide delivery
- quantities of medical services at the expense of reduction of deliveries of confectioner's shops
Products. Other example - a problem of the beaten off cattle which pits
Neighbour's crops. If a cattle part it will be obligatory to beat off from herd, growth
Meat offers can be received only at the expense of offer reduction
Grains. The choice nature is obvious: meat or grain. The answer, of course, is not clear, while
We do not know value of that have got, and values of that, than have offered.
George Stigler gives an example river pollution The Theory
of Price, 1951, Stigler George J., p. 105, rev. ed. N.Y.: Macmillan Co.. If for us harmful
That it kills fish, it is necessary to solve result of pollution: how much
Value of the lost fish is more or less values of a product which it is possible
To receive for the bill of pollution of the river? Obviously clearly that at the decision of this
Problems should be considered as the general, and limiting sizes.
III. The System of pricing which is switching on a damage liability
I WILL begin the analysis with case research, concerning which majority
Economists almost, probably, will agree that the problem can be solved
Absolutely satisfactorily: when the enterprise, causing a damage,
Should pay all damage, and the pricing system works smoothly
(It mean, saying that the pricing system works without
The beaten off cattle which pits crops on can be a good example
The neighbour's earths. We will assume that the farmer and the cattleman manage on the next
Sites. We will assume further that in the absence of fencings between sites growth
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