According to Nobel laureate economist Ronald Coase, if a person lives near a neighborhood park and a storm uproots several trees around the neighborhood, people will naturally

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According to Coase's theory of property rights, in the absence of clear property rights assignments, people will naturally work on repairing their own private damages first. In the scenario given, since the trees were uprooted around the neighborhood and not just in the park, people will most likely prioritize repairing their own property before working on the public park.

According to Nobel Laureate Economist Ronald Coase, If a Person