I puzzle over the proliferation of spillover effects despite fully specified property rights for all those concerned
This morning’s Dominion-Post features a full page advert, notionally inviting people to make submissions on the resource consent application to extend the runway at Wellington Airport.
In fact, the advert is mainly an opportunity to tout the case for the hugely-expensive proposed extension – in what must be one of the most expensive locations in the world in which one could add 300 metres to a runway (and still not comfortably meet international safety guidelines). The pretty graphic highlights 20 Pacific Rim cities which planes could reach from Wellington – without ever mentioning that the most likely outcome, if the project succeeds at all, is flights once or twice a week to one or two of them.
All one really needs to know about the proposal is that the owners of the airport think the project is sufficiently unattractive that there is no way they would proceed with the extension if…
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Utopia, you are standing in it! 
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