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From an economic point of view, the purpose of public nuisance law is: a
From an economic point of view, the purpose of public nuisance law is:
a. to restrict the use to which the owner can put the land.
b. interpret and enforce the constitutionality of police power regulation.
c. to internalize externalities that private actors impose on the public.
d. determine how land in different areas of town is used.
e. to make it illegal to use incentive to promote the donation of transplantable organs.
Expert Solution
The correct answer is c. When deciding whether to participate in an economic activity, private actors generally do not take the full social costs into account. Instead they only consider their private costs. The full social cost of any activity is the sum of the private cost and any externalities caused by the activity. The public nuisance law aims to correct this discrepancy by internalizing the externalities.
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