Austrians identify one mechanism in particular as the key to promoting environmental coordination. Roy Cordato puts it this way: “It is logical that both the origin and the solution of the problem is to be found in a lack of clearly defined or enforced property rights.”
Cordato and other recent Austrian writers draw heavily on a seminal 1982 paper by Murray Rothbard. Rothbard sees air pollution is an invasion of the rights of downwind property owners—in legal terms, a tort of trespass or nuisance. Pollution victims, he says, have the right to seek redress under common law.
- See more at: http://www.economonitor.com/dolanecon/2014/03/31/austrian-environmental-economics-air-pollution-as-a-coordination-problem/#sthash.Ih1WxRFF.dpuf