Allowing price to ration water may be a bitter political pill to swallow, but it makes economic and environmental sense. Writing at The Conversation, Randy Simmons lends insight into California's water crisis.
America's natural gas revolution has led to increased coal exports. What are the implications for climate change? We asked Stanford University Professor Frank Wolak, director of the Program on Energy and Sustainable Development.
Terry Anderson joins Russ Roberts for an EconTalk podcast about free-market environmentalism, the dynamics of the Yellowstone ecosystem, and how property rights can protect natural resources.
Focusing on externalities distracts economists from understanding how bargaining can solve problems without government intervention.
President Obama recently proposed a federal strategy to promote honey bee health. But an economic perspective may provide some lessons for the government task force.
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.
Cliven Bundy's battle was born out of a broken system that encourages conflict, not negotiation.
Terry Anderson, Carson Bruno
When it comes to hydraulic fracturing, market-based solutions are much more efficient and effective than top-down government regulations.
When environmental groups buy ranchers' permits, there's no need for the feds to start rustling up trouble.