Coasean Chimney
The chimney was raised on the lower building to prevent smoke from hitting the taller building. The transaction costs in negotiating the right to attach supporting wires and pay for the taller chimney were, apparently, low enough.
The chimney was raised on the lower building to prevent smoke from hitting the taller building. The transaction costs in negotiating the right to attach supporting wires and pay for the taller chimney were, apparently, low enough.