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…

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,…