This month, the Mississippi River has experienced a prolonged, historic flood. The images of the flood recall other recent floods, … More
Tag: Property Rights
How can we better capture the option value of conservation?
Is it better to pump oil today, tomorrow, or never? Is a tree more valuable if harvested now, in a … More
Detroiters against free trees?
In 2014, a nonprofit tried to give thousands of trees to Detroit residents, but many declined the offer. A recent … More
Destabilizing property rights with a canoe paddle
In New York, navigable waterways are open to the public; all other waterways belong to the people whose land they … More
Property rights can resolve conflict over Chesapeake Bay oysters
The Chesapeake Bay is the nation’s largest estuary, with a watershed that includes six states. Because of its size and … More
How do we decide what environmental goals to fund?
If $10 million magically appeared and you got to decide how to allocate it between several environmental goals, how would … More
Transaction costs matter
Will Harris, a free-range chicken farmer in Georgia, recently learned first hand the importance of transaction costs. In the last … More
Beach access: opportunity for compromise or recipe for conflict?
Summertime means longer days and, for many families, a trip to a little slice of paradise: the beach. Most flock … More
Lesser prairie chicken continues to recover thanks to collaborative conservation. Could such efforts soon help more species?
The lesser prairie chicken, a species of grouse found in Kansas, Colorado, New Mexico, Oklahoma, and Texas, continues to recover … More
No suit for you: Federal court dismisses California climate change cases against oil companies
Cities across the country have brought novel lawsuits seeking to hold oil companies responsible for climate change—in particular, the city’s … More