In a new book, Tapping Water Markets, PERC scholars propose voluntary water exchange, conservation, and cooperation, allowing water markets to positively affect water scarcity. Tapping Water Markets is available from RFF Press.
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Terry Anderson is the president of PERC and the John and Jean De Nault Senior Fellow at the Hoover Institution, Stanford University. He believes that market approaches can be both economically sound and environmentally sensitive. His research helped launch the idea of free-market environmentalism and has prompted public debate over the proper...
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More Articles by Terry Anderson > Brandon Scarborough is a research fellow at PERC currently focused on the use of water markets in the West to restore stream flows for wildlife, fish and other environmental amenities. He is just completing another project on carbon sequestration and the efficacy of using forest management to address climate change. His other interests include...
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More Articles by Brandon Scarborough > Reed Watson is a research fellow and the Director of Applied Programs at PERC. He is also the Director of PERC’s Enviropreneur Institute. Watson’s expertise lies in developing and promoting market-based solutions to natural resource conflicts, particularly for water and wildlife. With Terry Anderson and Brandon Scarborough, he coauthored Tapping...
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More Articles by Reed Watson > 

Founded 30 years ago in Bozeman, Montana, PERC—the Property and Environment Research Center—is the nation’s oldest and largest institute dedicated to improving environmental quality through property rights and markets.
PERC’s publications, each designed to resonate with specific groups, move ideas generated at PERC to broader audiences.
Research is at the heart of PERC's work, with a focus on the question: What is the link between economic growth and environmental quality?
The goal of PERC’s programs is to fully realize the vision of establishing “PERC University,” where scholars, students, policy makers, and others convene to expand the applications of free market environmentalism.
PERC's fellowships share a common goal of exposing new scholars, students, journalists, and policy makers to free market environmentalism, as well as enable scholars already familiar with FME to explore new applications.
PERC continues to publish and present a broad range of research and discussion through podcasts, videos, and other multimedia channels.