Transaction costs matter — Ecology

Will Harris, a free-range chicken farmer in Georgia, recently learned first hand the importance of transaction costs. In the last few years, bald eagles have been treating his farm as an all-you-can-eat buffet. He was “excited” to see the first pair show up, because he viewed them as an environmental amenity. But now 77 eagles […]

via Transaction costs matter — FREEcology

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