Q
http://www.nytimes.com/2010/08/01/us/01wind.html?_r=2&hp
Based on the issue on this article
Can you explain to me the transaction costs and the property rights regarding the issue of the wind turbine in Oregon? Also, can you explain to me how does both parties ( wind turbine factory and residents) come to the agreement to negotiate with each other?
And, how does this agreement solve the problem of externalities?
A
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