In the early twentieth century, L.A. purchased water rights by buying up farmland and conveying the water back to L.A. These purchases created a legacy of distrust and suspicion, as people began to view the trades as theft. Gary Libecap takes a second look at the L.A.-Owens Valley transfers.
Michael `t Sas-Rolfes
The tiger, which once ranged throughout Asia, faces extinction in the wild. The only way to save it is to provide incentives that make people who live near tigers want to conserve them, says Michael 't Sas-Rolfes in a new paper, "Who Will Save the Wild Tiger?" published by PERC.