Condominiums with homeowners associations

Assignment Help Operation Management

Reference no: EM131368809

One's home (whether a house or an apartment) is typically thought of as one's castle. But not so in the condominiums with homeowners associations (HOAs) in Jefferson County, Colorado. In an older four-unit condo, the HOA voted 3-1 to adpot a no-smoking rule (inside the indivial condos) after smokers bought one of the units and smoke permeated the valls of the structure. In 2006, a district judge ruled that the HOA's adpotion of no-smoking rules was a reasonable resriction on ownership rights, stating that the rules were designed to prevent the odor of cigarettes from penetrationg the walls of neighboring condos.

Considering that there are a small number of people involved (three non-smoking units, one smoking), you would think that transaction costs would be minimal. Why do you think the homeowners could not work out an agreement (a la Coase) and ended up in court? According to the Coase theorem, would it have made any difference if the judge had ruled against the HOA?

Reference no: EM131368809

Questions Cloud

The process by which hospital expands services includes : If a management team wishes to boost the company's stock price then it should consider actions to. The process by which a hospital expands services includes

Hamper cross organizational collaboration : Why do you think Oracle employs different organizational structures across its organization? Does this give them some advantage or does it hamper cross organizational collaboration?

Describe your approach in selecting the hmis area : As a department manager you have been asked to identify areas within your organization in need of change, based on the implications of the new regulatory compliance issues. Describe your approach in selecting the HMIS area first prioritized for ch..

What is good urban topic that is important for urban areas : What is a good urban topic that is important for urban areas? Why should we care about it? Background A brief history of this topic? Who are the major thought leaders on the topic? Research What are three examples of this topic and where are they loc..

Condominiums with homeowners associations : One's home (whether a house or an apartment) is typically thought of as one's castle. But not so in the condominiums with homeowners associations (HOAs) in Jefferson County, Colorado. Considering that there are a small number of people involved (thre..

Compare four ps approach to marketing versus value approach : Compare and contrast a four Ps approach to marketing versus the value approach (creating, communicating, and delivering value). Select and examine these approaches for at least one routine and non-routine problem. What would you expect to be the same..

Analysis of the situation from standpoint of antitrust law : The board members of XYZ Corporation discuss among themselves how to increase the market share for XYZ Widgets. Eventually these widgets beat out the competition and are the only brand of this type of product remaining on the market. What is the most..

Summarize different types of negligence : Negligence is a tort - a civil or personal wrong distinguished from criminal conduct. It is the unintentional commission or omission of an act that a reasonably prudent person would not do under given circumstances. Malfeasance - execution of an unla..

Did your reinforcement follow this progression : Class, can you think of a behavior that you've shaped in another individual? Did your reinforcement follow this progression

User Account

All Pages