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1/ The Coase Theorem in Practice: Neighbors pool together $11 million to purchase air rights, and prevent construction of building that would block their view. Property professors: add this example alongside the Fountainbleu and Eden Roc nytimes.com/2019/07/22/nyr… 
2/ This case also also addresses the transaction costs and free-rider problems that always affect Coasean bargaining: "Not everyone paid the same amount, with lower-floor owners paying less and, on the lowest floors, nothing."
3/ The lesson: Don't sue. Settle.
