Confiando nos indivíduos, evitando custos sociais

Eu falava dele...olha outro bom artigo aqui.

Even now, however, more than forty years after the publication of Coase’s landmark article, economists and economic historians continue to learn about important cases of private contracting to allay pollution problems and, in particular, about the variety of means that private contractors have employed to organize themselves for this purpose and to carry it out. In the present article, I relate the history of an important and little-known case, the voluntary measures that mine, mill, and smelter operators undertook in the Coeur d’Alene mining district beginning at the turn of the twentieth century. These parties not only purchased existing private property rights specifically in order to internalize negative externalies, but they engaged in creative organizational and technological innovation to achieve the same end. They did not do so, however, merely out of the goodness of their hearts. The interplay between legal and political proceedings, on the one hand, and the operators’ “internalization” projects, on the other hand, lies at the heart of the story.