Unformatted text preview: on one’s property, or flow away towards another’s. Just as one clears land and burns the trees, a sawmill could put use to it, but just because one man’s trash is another man’s treasure doesn’t make it lawfully wrong to discard it. It might morally be nice to help out a neighbor, but this is not a requirement by law. One may waste as long as he doesn’t disregard his neighbor’s rights, and endanger the public, he still has an absolute right to his property. Defense: Wheeler Verdict: Wheeler can leave the well un-closed and gas can leak out. Hague must not cap off the well. Law and Economics Notes: Having gas leak today might pose considerable public risk, and the outcome might be different. This seems to be another case of it being too difficult to control. Economically this seems to go against the expected principals, Wheeler is allowed to waste and this is usually not allowed because it is not good for the public’s greater good....
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- Fall '07
- Economics, Wheeler, Hague Case Summary