State parks across the nation are serving more and more visitors while struggling to preserve natural and cultural resources. As demands for tax-generated revenues grow, many state legislatures are cutting appropriations to their park systems. Shrinking funds and growing usage threaten the well-...
The forests of North America represent enormous natural bounty. Yet, in the United States at least, the benefits of this wealth of nature are not being fully realized. Taxpayers lose money on their public forests, and the forests face severe ecological threats.
Does a firm's pollution harm its reputation? You might think so, but recent research by Jonathan Karpoff, John Lott Jr., and Eric Wehrly argues otherwise.
Economic evidence reveals that property rights are more critical for prosperity than an efficient method of settling contractual disputes.