In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws.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.
Terry Anderson, Gary Libecap
Environmental Markets is the inaugural book in Cambridge Studies in Economics, Choice, and Society, a new interdisciplinary series of theoretical and empirical research focusing on individual choice, institutions, and social outcomes.
PERC Fellow, Gary Libecap, talks with John Batchelor on the history of mineral rights in the United States.
Thanks to secure property rights, this technology has the power to resuscitate our lagging economy.
The death this week of Ronald Coase, one of the world's most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.
Some of our most beautiful and amazing species of fish are at risk for extinction. Here’s how we can save them.
Paradoxically, economics has done more for nature than ecology has.
On the John Batchelor Show, Gary Libecap discusses the property rights alternative to international whaling agreements. This catch-share alternative would give individuals a stake in the whale fishery, which would likely improve the stock and lead to its long-term health.
Originally appeared in Defining Ideas: A Hoover Institute Journal on February 9, 2011