While it can be tough to decide who owns a meteorite, in China and the U.S., those “intergalactic” property rights matter since they determine who profits.
Thinking of drone regulations for deliveries from firms like Domino’s, we can decide if we have property rights above our homes that limit where they fly.
This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.
Whenever a new skyscraper is built, we can ask whether its shadow violates our property rights when it eliminates the sunlight in a city’s parks.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
