Externalities: You Can’t Own Air

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 14 in 45 Conversations About Behavioral Economics, 2022, pp 55-57 from Springer

Abstract: Abstract When I check local weather on my phone, I often find the Air Quality Index at “Unhealthy for Sensitive Group” or “Poor.” It bothers me that I know what is killing me but can’t do anything about it. I pay tax on the land on which my house sits. But that does not do a whole lot of good if anyone can pollute the air above my land. Why don’t I have property right to the air above my land? What are the problems that must be solved for an effective property-right system for air?

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_14

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