How do neighborhood association control negative externality


Problem

How do neighborhood associations and homeowners' covenants control negative externalities and encourage (or require!) positive externalities? What are the advantages and drawbacks of this approach from the perspective of the individual homeowner?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How do neighborhood association control negative externality
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