Or the majority of the people that live somewhere will have all "air rights" controlled by the city, and dictate how tall things can be built. "Air rights" aren't a thing unless the jurisdiction makes it a thing; you can't charge a toll for planes passing overhead.

Why would you "bargain" with someone who doesn't own anything that you want? You're talking about compromise, not bargaining, and that involves a friendly relationship; the kind normal people living in a home don't have with anonymous developers.