In which Ronald Coase clarified that town planning zones can be justified – but in a very few cases
This is a very important section of Coase’s 1959 article, The Federal Communications Commission. == The fact that actions might have harmful effects on others has been shown to be no obstacle to the introduction of property rights. But it was possible to reach this unequivocal result because the conflicts of interest were between individuals. […]
Source: https://www.sabhlokcity.com/2018/12/in-which-ronald-coase-clarified-that-town-planning-zones-can-be-justified-but-in-a-very-few-cases/
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