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Relative prizes of each of the parties does not concern a question, which
I considered in "the Problem of social costs": investment of individuals and firms
The rights to carry out certain actions and consequences of it from the point of view
That will be made and on sale. In any case there are no bases
To assume that degree of uncertainty concerning the share of the income
Will be above in negotiations on an occasion of emissions of a smoke, than in more habitual for
Economists transaction, such, as house acquisition.
III. The Theorem of Kouza and the rent
In the MAJORITY of objections against the theorem of Kouza is, seemingly, underestimated that
Can be reached at transaction with zero costs. But some
Critical statements bring up the more general questions. For example, confirm,
That the theorem of Kouza not in forces to consider a key role which plays presence or
Absence of the rent. In this context the term "rent" is used for a designation
Differences meanwhile that earns the manufacture factor in the given kind
Activity, also that he could earn in other place. I analyzed
Problem when considered, what's happened with the net profit from the earth. And
More than transposition in other words of my initial arguments, but
Such approach can seem to some economists more convenient.
The first the relation between my analysis and rent existence was discussed by Velits
November 1964, p. 345 - 361, n. s. 31, On External Diseconomies, Wellisz Stanislaw and the Government assisted
Invisible Hand//Economica. Later
This approach used for the proof of an inaccuracy of my conclusions among
Other Rigan Regan Donald H., 15, October 1972, p. 427 - 437, Economics, The Problem of Social Cost Revisited//Journal
of Law and it 2 and Auten. It is compressed
States an essence of Auten: "In examples of Kouza result... Will change in
The activity, and polluted it will be superseded, if responsibility lies
On him "p. 38, 1976, N. Y.: Academic Press, Auten Gerald E., ed. Steven A. Y. Lin, Measurement of Economic
Externalities " and " Discussion in Theory.
The statement is plausible. The ground is limiting and does not bring
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