Discuss the theory of transaction costs

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Reference no: EM131908888

Question: 1. In the preceding example, implementing an injunction to end future interference costs the defendant more than damages for future interference. Is this fact generally true or just a special feature of this example?

2. Use the theory of transaction costs to justify protecting the following rights by injunction or damages:

a. A landowner's right to exclude from his property a neighbor's gas line.

b. A new car owner's right to have her car's defective transmission replaced by the seller.

c. A homeowner's right to be free from air pollution by a nearby factory.

d. A spouse's right to half the house on divorce.

Reference no: EM131908888

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