Posted: March 7th, 2017

People who live on small lakes sometimes have break walls constructed on their property by the shore

People who live on small lakes sometimes have break walls constructed on their property by the shore. A break wall is typically a vertical column of wood or concrete that prevents high water levels from covering part of the owner s property, reducing the size of the beach, and/or eroding the yard. However, several communities have restricted property owners from building break wall. Can you think of the reason why? Hint: Think about potential externalities of building a break wall.