EconTalk: Bees, Beekeeping, and Coase

Published: 
Monday, December 16, 2013

PERC Senior Fellow Wally Thurman talks with EconTalk host Russ Roberts about the world of bees, beekeepers, and the market for pollination. Thurman describes how farmers hire beekeepers to pollinate their crops and how that market keeps improving crop yields and producing honey. Thurman then discusses how beekeepers have responded to Colony Collapse Disorder--a not fully understood phenomenon where colonies disband, dramatically reducing the number of bees. The discussion closes with the history of bee pollination as an example of a reciprocal externality and how Coase's insight helps understand how the pollination market works.  

Listen to the EconTalks podcast episode.

Type: 
Media Source: 
EconTalk
Wally Thurman is a William Neal Reynolds Distinguished Professor at North Carolina State University and a PERC Senior Fellow. Thurman was a PERC 2003 Julian Simon Fellow, a Fellow of the Agricultural and Applied Economics Association, and a recipient of that organization’s Outstanding Graduate Instructor Award as well as awards for his published...
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