Alex Tabarrok wrote:
> It does seem, however, that this is a good case of concentrated
> benefits, diffuse costs.
Yes, but Wittman has a detailed answer to this story.
> In addition, there are serious constitutional
> issues involved in opening the market to free-entry because this would
> probably constitute a "taking."
Last time I checked, no one has ever successfully sued under the takings
clause for anything of this kind. Am I wrong?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He lives in deadly terror of agreeing;
'Twould make him seem an ordinary being.
Indeed, he's so in love with contradiction,
He'll turn against his most profound conviction
And with a furious eloquence deplore it,
If only someone else is speaking for it."
Moliere, *The Misanthrope*
