The death this week of Ronald Coase, one of the world's most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.
By Brian Lutz and Martin Doyle -- Our research shows that for the Marcellus Shale significantly less wastewater is generated for every unit of natural gas recovered by hydraulic fracturing than by conventional gas production.
As oil continues to gush from BP's Macondo well and politicians posture, it is time for us to ask why we are drilling in such risky places when there is oil available elsewhere. The answer lies in the mantra NIMBY—"not in my back yard."
Thoughts on the Relative Merits of Cap-and-Trade versus Emission Taxes for Controlling Carbon Emissions.Bruce Yandle
By Bruce Yandle
In the forty years that have passed since oily debris on the banks of the Cuyahoga River caught