2/ me: "you've reinvented the exact question that led Coase to the Coase Theorem. Except instead of crops, and animals that want to destroy them, he posited crops and the sparks from trains that want to destroy them"
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3/ defend your answerhttps://twitter.com/spongeworthy2/status/1052282193995866116 …
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4/ Right. So, as I said in my earlier tweet: now we're talking about the Coase theoremhttps://twitter.com/thepiclord/status/1052286068354109445 …
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Free forage, gotta be the crop growers.
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Nah. If you assume a system that protects property rights then damage done to crops by animals would be compensated by the owner of the animals in question based on the estimated amount of damage done. So: Is it cheaper for animal-owner to constantly compensate or pay for fence?
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fascinating !
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Ohgod. That's the stuff of small civil wars even now, and that's before the BLM starts looking askance at un-fenced cattle, state law be damned. If you couldn't get Coase to work, you'd hope for local agreements responding to ground cover/water/avg plot size/etc...
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In practice, the part where same rule applies to goats as to cattle in many locales suggest that it's more about whoever's got the most strings in hand in the local aristocracy of pull.
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