In the Ravens-Orioles example, the initial allocation of property rights below to the Orioles in the sense that their 2013 schedule was determined well before the Ravens 2013 schedule.

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The Coase Theorem essentially states that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

FORBES: NFL May Have To Pay Up To MLB To Resolve Baltimore's Sports Scheduling Conflict

Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent, is not yet final.

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On March 31, 2011, the Treasury Department and the IRS extended the deadline for filing Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent.

FORBES: IRS Extends Deadline For Filing Special Form Just For 2010 Deaths

Executors of 2010 decedents can opt out of the estate tax regime by filing a special form: Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent.

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Each city or market determines specific allocation amounts for locally run programs involving both home purchases and property rehabilitation.

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On my calculations of the asset allocation in the Church of England Funded Pensions Scheme, 84% is held in shares, property and derivatives - or what are perceived to be riskier assets.

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