Posner & Weyl:Using Self-Assessed Property Taxes And Forced Sales To Increase Efficiency

Eric A. Posner (Chicago ) & Glen Weyl (Yale), Property Is Another Name for Monopoly Facilitating Efficient Bargaining with Partial Common Ownership of Spectrum, Corporations, and Land: The existing system of private property interferes with allocative efficiency by giving owners the power to hold out for excessive prices. We propose…

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