how? property rights that don't imply the right to generate externalities? somethign else?
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If you own the aquifer, specify that. "Externalities" are mostly the result of poorly defined assets.
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i don't own the aquifer, but it's hardly my fault that if i take water from the 1m² i do own, water flows in from the aquifer
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real estate contracts should disallow externalities generally, then, or just specific anticipated externalities?
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well, *someone* should own the acquifer.
End of conversation
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