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SAT, 07.10.2021 20:00 Jasten

suppose that the nearby campers impose a cost of $600 on you and your roommate. if they had to move to a campsite where they could make as much noise as they wished, they would incur a cost of $400. think of this as the cost of having to physically pack up their stuff and hike to another site. if they stayed and had to be quiet and not disturb you, they would incur a cost of $500. the park rules specify that whoever arrived first has a right to an undisturbed camping spot. which of the following outcomes would be consistent with the coase theorem?

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