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.
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.
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.
Ecosystem services such as clean water from forests are free, but now their value is being recognized. Entrepreneurs are developing markets for these services and providing incentives for conservation.
Markets for ecosystem services such as water filtration, erosion control, and pollination benefit the providers and enhance environmental assets.
The public trust doctrine is a little-known bit of legal history that is now touted as an ancient rule of law that allows governments to control property long presumed to be privately owned.
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.
By Randy L. Simmons