Have Gun – Will Travel — Bitter Wine

 

Paladin is hired to settle an issue between a vineyard owner and a neighboring oilman. The smoke and runoff from the oil well are damaging the grapes of the award-winning vintner. This is a classic case of externalities and the Coase Theorem would suggest the two could meet and solve the problem on their own (if there were low transaction costs), but the Coase Theorem wasn’t written about until two years AFTER this episode aired.

Check out this Econlib post for more discussion. This clip, and a forthcoming working paper, was presented at the 2019 Southern Economics Association Annual Meetings by Jon Murphy and John Schuler.

The Walking Dead — Property Rights

 

In the middle of being chased by walkers, Rick and the group decide to break into a home because they believe it to be uninhabited. To their surprise, a man is living in the home and because threatening to shoot them, which would attract more zombies to the area. The group is faced with a decision of whether to kill the man to save their own lives or leave his property and face eminent death.

Thanks to Brian Hollar for the clip suggestion!

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