Allowing price to ration water may be a bitter political pill to swallow, but it makes economic and environmental sense. Writing at The Conversation, Randy Simmons lends insight into California's water crisis.
In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws. A policy overhaul, they argue, would allow efficient water markets and reward conservation.
As pressure mounts to declare Utah's Greater Canyonlands a national monument, Utah-based Randy Simmons and Ryan Yonk look at the economic impact studies used to justify designation.
Terry Anderson, Gary Libecap
Environmental Markets is the inaugural book in Cambridge Studies in Economics, Choice, and Society, a new interdisciplinary series of theoretical and empirical research focusing on individual choice, institutions, and social outcomes.
PERC Fellow, Gary Libecap, talks with John Batchelor on the history of mineral rights in the United States.
Thanks to secure property rights, this technology has the power to resuscitate our lagging economy.
Unconventional Entrepreneurs of the Navajo Nation
Randy Simmons, Ryan M. Yonk
At the turn of the 20th century, Congress passed the Antiquities Act – giving President Teddy Roosevelt the authority to restrict the use of any federally owned public land by designating it as a national monument. However, monument designation can bring distinct negative impacts. Here's why.
Some of our most beautiful and amazing species of fish are at risk for extinction. Here’s how we can save them.
On the John Batchelor Show, Gary Libecap discusses the property rights alternative to international whaling agreements. This catch-share alternative would give individuals a stake in the whale fishery, which would likely improve the stock and lead to its long-term health.