Darby Quast, Chapter 3, Question 6

While reading chapter 3 a topic that I found interesting was property rights.  To illustrate this, Wheelan used the example of the neighbor Stuart who is fond of playing the bongos.  The way this situation works out really depends on who has the "right" to what.  If you say that Stuart has the right to make noise, the other person will pay for silence.  If the other person has the right to silence, Stuart will end up paying them to make noise.  Who values what more will also be a factor.  Although property rights worked out this challenge, in the real world it is a little more complicated.  For example, the issue of Carbon Dioxide emissions.  Do I have the right to drive whatever kind of car I want? Do I have the right to drive it as much as I want? Or do other people around the world have the right to tell me to stop.  Because it is so unclear, the government has to get involved to solve anything.