As informed by the following definition of neighborhood effects and video links, provide an argument as to whether the statemay justifiably enact laws seeking to prevent and/or regulate any impacts of anthropogenic climate change.

Neighborhood Effects

As informed by the following definition of neighborhood effects and video links, provide an argument as to whether the statemay justifiably enact laws seeking to prevent and/or regulate any impacts of anthropogenic climate change.

Are there any risks associated with such government actions? Do the benefits exceed those risks and is Friedman right when he argues that neighborhood effects sometimes create business opportunities? How so? Can you think of any opportunities?

Neighborhood Effects Definition:

Sometimes situations arise where the market cannot limit the effects of a use of private property to those willing to accept its burdens. Friedman termed this situation the problem of “neighborhood effects,” which he claimed arose “when actions of individuals have effects on other individuals for which it is not feasible to charge or recompense them.”

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