How could the solution of assigning property rights address the issue of a man repeatedly punching the back of a seat of another passenger on an airplane as they have their seat fully reclined?
Property rights are defined to be constructs in order to determine the manner in which a good, service or a resource should be used. If proper property rights are assigned, then the manner of using the seats of an airplane will be defined and no one would be allowed to punch seats or use them in a manner which is against property right of the seat. Breaking these rights will lead the user to paying fines and penalties. Therefore, assignment of property rights can solve this problem.
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