Palm springs california was once the playground of the rich


Question: Palm Springs, California, was once the playground of the rich and famous-for example, the town has a Frank Sinatra Drive, a Bob Hope Drive, and a Bing Crosby Drive. The city once had a law against building any structure that could cast a shadow on anyone else's property between 9 am and 3 pm (Source: Armen Alchian and William Allen. 1964. University Economics, Belmont, CA: Wadsworth). What are some alternatives to this command and control solution? Are they any better than this approach?

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Microeconomics: Palm springs california was once the playground of the rich
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