Property Rights in Land

Property rights are essential for market exchange. The definition of those rights, their enforcement, and their transferability all help determine the extent of trade and the rate of economic development and wealth creation.

Carbon for water

Swiss company donates water purification systems in Kenya earns carbon credits in return, and makes a profit.

Comments on PERC Reports Summer 2011

A Solution in Search of a problem Thanks to Spencer Banzhaf for his article, “The Case for Cap-and-Trade” as a market application to fossil fuel…

A market-ready solution for Las Vegas water

To keep the water running in LasVegas, recognize scarcity and let water rates rise-- double or even triple. Encourage homeowners to trade water rights. Let the market determine how much water people use, not the water police.