Accounting for dynamic nature requires revisiting the underpinnings of environmental law and management.
In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws.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.
Jonathan Adler, Nathaniel Stewart
Ending the tragedy of the oceans: How property rights can save the world's fisheries.
Many environmental problems are exaggerated. The threats facing marine fisheries, however, are quite real. There is a growing consensus among fishery experts that greater reliance on private-property rights can prevent overfishing and ensure sustainability.
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.
Whether a given species is at risk of extinction may be a scientific question, but what to do about it is not. What conservation measures should be adopted to address such threats, and at what cost, are policy questions, says Jonathan Adler
Terry Anderson, Gary Libecap
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
Property rights and the public trust doctrine in environmental protection and natural resource conservationGary Libecap
By Jedidiah Brewer and Gary D. Libecap