How would Ronald Coase solve the monkey externality in Delhi?

An amazing post by Matt Kahn of Greenomcis Blog.

He does not answer the question but gives the problem a nice perspective. The monkey menace continues to rise in Delhi and there is no relief despite attempts. Kahn calls this an externality and asks:

How would Ronald Coase solve this externality?  Perhaps the monkeys should be paid to move away?

What do the visitors think?

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