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A Political List

In a new deal with environmentalists, the Obama administration has agreed to work through a backlog list of species that require additional study to determine if they should be given protection under the Endangered Species Act.  Some of these species were proposed for protection in 1973 when the Act was passed. Nearly 40 years later,Continue reading “A Political List”

Video: Saving Ocean Fisheries with Property Rights

Saving Ocean Fisheries with Property Rights is the first in a series of PERC videos that will document how free market environmentalism solves real-world conservation problems. Donald Leal, PERC’s research director, and Mark Lundsten, a former boat captain on the Bering Sea, combine research and industry experience to describe what happens when open-access fishing is replaced withContinue reading “Video: Saving Ocean Fisheries with Property Rights”

Same Old Song and Dance Over CA Parks

Once again California is threatening to close state parks. Seventy (out of 270) parks are on the chopping block this time around (see an interactive map of the planned closures). The plan is to place the parks in “caretaker status,” which means gates would be closed and people would not be allowed to enter. What a dismal idea from a stateContinue reading “Same Old Song and Dance Over CA Parks”

Saving Ocean Fisheries with Property Rights

  Saving Ocean Fisheries with Property Rights is the first in a series of PERC videos that will document how Free Market Environmentalism solves real-world conservation problems. Don Leal, PERC’s research director, and Mark Lundsten, a former boat captain on the Bering sea, combine research and real life to tell what happens when open access fishingContinue reading “Saving Ocean Fisheries with Property Rights”

The Non-tragedy of the Bison Commons

  M. Scott Taylor, in a forthcoming article in the American Economic Review, provides important evidence about the driving force behind the rapid killing of bison on the Great Plains between 1870 and 1883. Taylor’s explanation of the rapid expansion of foreign demand for hides because of technological innovations in tanning is convincing. Taylor usesContinue reading “The Non-tragedy of the Bison Commons”

Ethanol Mania

Henry Miller at the Hoover Institution had a great piece in the Guardian yesterday–“The Great Fuel Fail.” Rather than just simply stating  that the production of ethanol for fuel is an unwise subsidy to special interests, Henry puts some perspective on the ethanol mania. Although corn is a renewable resource, it has a far lower energy yield relative toContinue reading “Ethanol Mania”

The Value of Secure Property Rights: Evidence from Global Fisheries

That’s the title of a new NBER Working Paper by Corbett A. Grainger and Christopher Costello. The abstract: Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotasContinue reading “The Value of Secure Property Rights: Evidence from Global Fisheries”