Overfishing in the oceans is a classic example of the "tragedy of the commons"-- overexploitation of an unowned resource. Fishing in U.S. waters is no longer a commons free of fishing restrictions, yet many fisheries still suffer from the tragedy of the commons.
It's time to let federal agencies buy and sell land, says Tim Fitzgerald in a new PERC Policy Series paper. "Federal Land Exchanges: Let's End the Barter" offers a practical way to reform the costly and time-wasting federal land exchange process.
Terry Anderson, J. Bishop Grewell
Bringing environmental issues into foreign policy-making and international law endangers trade, national sovereignty, and, ironically, long-term environmental improvement, according to two associates of the Political Economy Research Center (PERC).
By Daniel K. Benjamin Given the racket that people raise over airport noise, one would think that the social benefits of regulating airport noise must be great.
By Daniel K. Benjamin Weitzman says that current income need be adjusted downward by 1 percent at most to account for the loss of exhaustible resources.