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.
When environmental groups buy ranchers' permits, there's no need for the feds to start rustling up trouble.
RS-02-1a Update: 2004Bruce Yandle, Madhusudan Bhattarai, and Maya Vijayaraghavan