In the vicinity of our new apartment is a church that likes to celebrate its Sunday service by ringing the church bell continuously for about 5 minutes at 9.30am and 10am every Sunday. Furthermore it is not a nice melodious bell but just a continuous loud bonging of a single tone over and over.

Now I have nothing against religious celebrations per se but I do quite enjoy having a snooze on Sunday mornings. According to Coase, I should offer to pay the church not to ring the bell, but somehow I have a feeling that suggestion wouldn’t go down very well …