Robert K. Fleck, F. Andrew Hanssen
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
Lea-Rachel Kosnik, Roger Meiners
"Restoring Harmony in the Klamath Basin" explains how this conflict developed and offers a solution—markets in water. Written by Roger Meiners and Lea-Rachel Kosnik, this paper persuasively argues that clarification of property rights to water is fundamental to ending the crisis.
Andrew Morriss, Bruce Yandle, Lea-Rachel Kosnik
This paper discusses a new form of regulation. Rather than issuing rules, some government agencies, including the Environmental Protection Agency, have started to file lawsuits.