Abstract Environmental markets are widely prescribed as an alternative to open access regimes for natural resources. We develop a model of dynamic groundwater extraction to…
An analysis of the frequency of trading and the causes of price dispersion for short-term water leases in the Edwards Aquifer in Texas.
Allowing such “nonuse rights” to public natural resources would enable markets to advance environmental goals, leading to more stable and less contentious outcomes.
Critical habitat designations can penalize landowners for conserving habitat features, thereby disincentivizing habitat maintenance and restoration.
Future conservation efforts are likely to be more successful if they respect cultural norms and rely on incentives rather than punishment.
How national park visitors in the United States could help address the need for wildlife conservation efforts beyond park boundaries, using a case study of the Greater Yellowstone Ecosystem.
Critical habitat designations that penalize private citizens for essential features found on their land discourage them from maintaining or restoring habitat, benefiting neither property owners nor rare species.
Scaling back federal regulation over isolated wetlands reduces conflict between regulators and private landowners, aligning economic incentives with voluntary conservation objectives.
Elinor Ostrom's work presents a "third way" of governing the commons.
Elinor Ostrom’s influential work provides useful insights into the various institutional frameworks for resource governance in the American West.