Brad and Angelina are neighbors.Brad never mows his yard, rakes his leaves, or trims his hedges.His overgrown yard is not only an eyesore, it is pulling down the value of Angelina's house.How could the Coase theorem be used to remedy this negative externality? Does it matter whether Brad has the right to ignore his yard or whether Angelina has the right to force him to clean it up?
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