Overfishing in the oceans is a classic example of the "tragedy of the commons"-- overexploitation of an unowned resource. Fishing in U.S. waters is no longer a commons free of fishing restrictions, yet many fisheries still suffer from the tragedy of the commons.
Lea-Rachel Kosnik, Roger Meiners
"Restoring Harmony in the Klamath Basin" explains how this conflict developed and offers a solution—markets in water. Written by Roger Meiners and Lea-Rachel Kosnik, this paper persuasively argues that clarification of property rights to water is fundamental to ending the crisis.
Michael `t Sas-Rolfes
The tiger, which once ranged throughout Asia, faces extinction in the wild. The only way to save it is to provide incentives that make people who live near tigers want to conserve them, says Michael 't Sas-Rolfes in a new paper, "Who Will Save the Wild Tiger?" published by PERC.