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Suppose That a Group of Anglers Owns the Rights to Fish

Question 83

Essay

Suppose that a group of anglers owns the rights to fish for trout in the clean waters of a river, and that the owners of a paper factory wish to pollute the river thereby killing the trout. Under what circumstances would the anglers give up their right to clean water to the paper firm?

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The anglers would accept a payment from ...

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