Smith' s construction of an 8-foot fence around his property will block his neighbor Johnson's scenic view.If Smith constructed a 6-foot fence,Johnson's view would not be blocked.If Johnson values his view at $1,000 and Smith values the extra 2 feet of fence at $500,then a possible resolution is that

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A possible solution to this issue is for Johnson to make a side payment to Smith of $750 not to build the fence so high. By doing this, Johnson can preserve his scenic view, which he values at $1,000. Smith, on the other hand, values the extra 2 feet of fence at $500. Therefore, if Johnson pays $750 to Smith, Smith can still gain $250 ($500 - $750) by constructing a shorter fence. This solution benefits both parties: Johnson gets to keep his view, and Smith gets some monetary compensation for the shorter fence.

Smith' S Construction of an 8-Foot Fence Around His Property