John Batchelor interviews Kurt Schnier about PERC’s Enviropreneur Institute. He explains how the value of goods is reflected in prices, and how markets can improve environmental amenities.
Can market forces balance efficiency-equity tradeoffs in marine fisheries?
Once an icon of the American west, bison are now hazed through costly government-driven efforts and killed in droves around Yellowstone National Park during the winter. Their crime: migrating outside of the park's borders onto public and private land in Montana, searching for food.
This research empirically investigates cooperative behavior in a natural resource extraction industry in which the provision of a public good (bycatch avoidance) in the Alaskan flatfish fishery is essential to the duration of the fishing season, and an information provision mechanism exists to...