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.
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, 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.
Terry Anderson, Gary Libecap
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
A 30th Anniversary Celebration ofPERC—Property and Environment Research Center
, Bruce Yandle
By Jody Lipford and Bruce Yandle