The authors explore the history of eminent domain in the United States—a history characterized by periodic public backlash.
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Performing due dilligence on green energy investments
By Andrew P. Morriss Madam Chairman and members of the Committee, thank you for the opportunity to testify before your Committee as you consider the important question of the role of public investment in alternative energy sources, such as solar power, and the impact of that investment on our economy. An aggressive push for publicContinue reading “Performing due dilligence on green energy investments”
The Demand for Environmental Quality: An Application of Hedonic Pricing in Golf
By Frank F. Limehouse,Peter C. Melvin,andRobert E. McCormick The analysis uses an exhaustive golf course database that contains over 100 golf course variables on more than 15,000 golf courses in the United States combined with data from the Audubon International Cooperative Sanctuary Program to examine the market setting of environmental certification on golf courses. UsingContinue reading “The Demand for Environmental Quality: An Application of Hedonic Pricing in Golf”
Sovereignty, Credible Commitments, and Economic Prosperity on American Indian Reservations
Update: The Fraser Institute, Canada’s leading public policy think-tank has awarded this paper the 2011 Addington Prize for Measurement, which comes with a $10,000 prize. The paper measures the crippling economic consequences resulting from the lack of private property rights on Indian Reservations. The entries were judged for originality and significance of the ideas presented,Continue reading “Sovereignty, Credible Commitments, and Economic Prosperity on American Indian Reservations”
Environmental Kuznets Curves: An Update
Executive Summary Since 1991, when economists first reported a systematic relationship between income changes and environmental quality, the Environmental Kuznets Curve (EKC) has become standard fare in technical conversations about environmental policy (Grossman and Krueger 1991). EKCs are statistical artifacts that summarize a few important aspects of collective human behavior in two-dimensional space. AContinue reading “Environmental Kuznets Curves: An Update”
The Environmental Kuznets Curve: A Primer
DOWNLOAD THE FULL REPORT Executive Summary Since 1991, when economists first reported a systematic relationship between income changes and environmental quality, this relationship, known as the Environmental Kuznets Curve (EKC), has become standard fare in technical conversations about environmental policy (Grossman and Krueger 1991). When first unveiled, EKCs revealed a surprising outcome: Some important indicatorsContinue reading “The Environmental Kuznets Curve: A Primer”
Regulating Air Quality through Litigation: The Diesel Engine Episode
RS-02-3: 2002 By Bruce Yandle, Andrew P. Morriss, and Lea-Rachel Kosnik Summary In recent years, a new form of regulation has emerged. Instead of issuing rules to control the behavior of firms and industries, government agencies, including the Environmental Protection Agency, have been filing lawsuits. Such litigation enables regulatory agencies to make an end-run around congressionalContinue reading “Regulating Air Quality through Litigation: The Diesel Engine Episode”
South Carolina’s Jocassee Gorges –
RS-02-2: 2002 By Jody Lipford, Jerry Slice, and Bruce Yandle About the Authors About PERC Research Studies Executive Summary In 1997, the state of South Carolina acquired from Duke Energy Corporation 33,000 acres of undeveloped land known as the Jocassee Gorges. The $54 million property is part of the Blue Ridge Escarpment in the southern AppalachianContinue reading “South Carolina’s Jocassee Gorges –”
The Role of IFQs in Improving Fishery Governance
February 13, 2002 By Don Leal Mr. Chairman and members of the subcommittee thank you for the opportunity for me to testify on individual fishing quotas or IFQs in relation to re-authorization of the Magnuson Stevenson Act. Because IFQs effect both structural makeup in a fishery, the subcommittee expressed interest in hearing views on aContinue reading “The Role of IFQs in Improving Fishery Governance”
Cleaning Up Mining Waste
RS-01-1: 2001 By Stuart Buck and David Gerard Executive Summary About the Authors About PERC Research Studies Since the California gold rush in the middle of the 19th century, hardrock mining has produced hundreds of billions of dollars’ worth of gold, silver, copper, lead, and other minerals. One unfortunate legacy of this production is the presenceContinue reading “Cleaning Up Mining Waste”