Avoiding the Ax

By Daniel K. Benjamin Insecure property rights induce trespassers and forest owners to cut tress on short rotations and not to replant. Deforestation has been…

Trash:

By Daniel K. Benjamin Unit pricing reduced the volume of garbage presented for collection by 37 percent. Largely due to new environmental regulations, the fees…

Is there a Biodiversity Jackpot?

By Daniel K. Benjamin Biodiversity prospecting is the search for new chemicals produced by wild organisms. Because these chemicals (such as aspirin, quinine, and cancer-fighting…

EPA Chokes on Ozone Standard

By Daniel K. Benjamin Good intentions often yield unintended consequences, especially when incentives are ignored. According to a recent article in the American Economic Review,…