In some states that are rich in natural resources, such as oil, the law separates the right
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In some states that are rich in natural resources, such as oil, the law separates the right to above-ground use of the land from the right to drill below ground (called “mineral rights”). Someone who owns both the above-ground rights and the mineral rights can sell the two rights separately. Explain how this division of the property rights enhances efficiency compared to a situation in which the two rights must always be sold together.
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The division of property rights into aboveground use rights and mineral rights enhances efficiency compared to a situation where the two rights must always be sold together for several reasons Special...View the full answer
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AYUSHI GULERIA
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