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In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws.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.
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.
Originally appeared in Defining Ideas: A Hoover Institute Journal on February 9, 2011
Property rights and markets as solutions to resource and environmental problems.
Terry Anderson, Gary Libecap
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
PERC Senior Fellow Randy Simmons and co-authors expand on the Bootleggers and Baptits theory of inefficient government regualtion by addding the political entrepeneur to the mix.
Property rights and the public trust doctrine in environmental protection and natural resource conservationGary Libecap
By Jedidiah Brewer and Gary D. Libecap