PERC Senior Fellow Emeritus Bruce Yandle talks with EconTalk host Russ Roberts about the tragedy of the commons and the various ways that people have avoided the overuse of resources that are held in common.
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.
Irrespective of the uncertainties surrounding the causes of climate change, the United States is poised to join the rest of the developed world in a fight against rising carbon dioxide levels.