In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws.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, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
D. Bruce Johnsen
British Columbia could resolve its conflicts over salmon by an auction that resembles the 'rivalry potlatches' of the past.