Santa Monica Airport Should Vanish! Noise and Air Pollution in Residential Communities --- A Coasian Conundrum
The Coase Theorem will not go away. Today's New York Times has a nice case study of the rising costs of air and noise pollution generated by a local airport in West Los Angeles. For those of you who only think about Kobe Bryant and Paris Hilton when you do think about LA, permit me to provide some details.