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.
The public trust doctrine is a little-known bit of legal history that is now touted as an ancient rule of law that allows governments to control property long presumed to be privately owned.