Tapping Water Markets is about the past, present, and future of water markets. It compares water markets with political water allocation, documents the growth of water markets, and explores the ways in which water markets can be improved and implemented further. This book provides up-to-date information of where and why water shortages are occurring and where and why water markets are evolving to resolve conflicting water uses. Though the main focus is on the United States, it includes examples from other parts of the world to show how water markets are beginning to thrive. It contains institutional detail that is accessible to people who are not economic or hydrologic experts, and comes alive with numerous examples and case studies of water markets. The book begins with an analysis of water institutions as they have varied over time and location. It then covers a range of discrete water management topics including surface water allocation, groundwater management, environmental flows, and water quality trading. The book concludes with predictions about the future of water scarcity and the ability of water markets to shape that future more positively.

Although there is in the United States a clear national consensus supporting the protection of the environment, advocates often profoundly disagree about the policies best designed to achieve this end. The traditional answer has been that government must intervene, through legislation and regulation of behavior, to preserve environmental values. Th

Free Market Environmentalism applies the economic way of thinking to environmental problems of growing importance. It examines the prospects (and pitfalls) for improving natural resource allocation and environmental quality through market processes. .

Tapping Water Markets is about the past, present, and future of water markets. It compares water markets with political water allocation, documents the growth of water markets, and explores the ways in which water markets can be improved and implemented further. This book provides up-to-date information of where and why water shortages are occurring and where and why water markets are evolving to resolve conflicting water uses. Though the main focus is on the United States, it includes examples from other parts of the world to show how water markets are beginning to thrive. It contains institutional detail that is accessible to people who are not economic or hydrologic experts, and comes alive with numerous examples and case studies of water markets. The book begins with an analysis of water institutions as they have varied over time and location. It then covers a range of discrete water management topics including surface water allocation, groundwater management, environmental flows, and water quality trading. The book concludes with predictions about the future of water scarcity and the ability of water markets to shape that future more positively.

Although there is in the United States a clear national consensus supporting the protection of the environment, advocates often profoundly disagree about the policies best designed to achieve this end. The traditional answer has been that government must intervene, through legislation and regulation of behavior, to preserve environmental values. This book takes a different approach, examining the prospects (and pitfalls) for improving natural resource allocation and environmental quality through market processes. The authors demonstrate that governmental policies often exacerbate environmental problems because of inadequate incentives and information. A property rights approach that focuses on the costs of operating markets as well as governments lays the framework for thinking about problems ranging from the American Frontier to global warming. Property rights solutions that encourage market processes are proposed for public land management, outdoor recreation, water quantity and quality, and ocean fisheries. The final chapter tackles the "tougher problems" of global warming and acid rain. Free Market Environmentalism applies the economic way of thinking to environmental problems of growing importance. It will be appropriate for environmental economic courses, but an economics background is not a prerequisite for understanding this nontechnical, innovative approach to natural resource management.

Although there is in the United States a clear national consensus supporting the protection of the environment, advocates often profoundly disagree about the policies best designed to achieve this end. The traditional answer has been that government must intervene, through legislation and regulation of behavior, to preserve environmental values. This book takes a different approach, examining the prospects (and pitfalls) for improving natural resource allocation and environmental quality through market processes. The authors demonstrate that governmental policies often exacerbate environmental problems because of inadequate incentives and information. A property rights approach that focuses on the costs of operating markets as well as governments lays the framework for thinking about problems ranging from the American Frontier to global warming. Property rights solutions that encourage market processes are proposed for public land management, outdoor recreation, water quantity and quality, and ocean fisheries. The final chapter tackles the "tougher problems" of global warming and acid rain. Free Market Environmentalism applies the economic way of thinking to environmental problems of growing importance. It will be appropriate for environmental economic courses, but an economics background is not a prerequisite for understanding this nontechnical, innovative approach to natural resource management.

How can markets help us address the challenges of climate change? Most current climate policies require hard-to-enforce collective action and focus on reducing greenhouse gases rather than adapting to their negative effects. Editor Terry L. Anderson brings together essays by nine leading policy analysts who argue that adaptive actions can typically deliver much more, faster and more cheaply than any realistic climate policy.

Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. This book compares standard approaches to these problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and air and is compared to governmental solutions. The book concludes by discussing tougher environmental problems such as ocean fisheries and the global atmosphere, emphasizing that neither governmental nor market solutions are a panacea.

Before the arrival of Europeans, Native Americans had thriving societies based on governing structures and property rights that encouraged productivity and trade. These traditional economies were crippled by federal law that has held Indians in colonial bondage. This book provides the knowledge for tribes trapped in "white tape" to revitalize their economies and communities.

In a powerful argument for free market environmentalism, Terry Anderson and Laura Huggins break down liberal and conservative stereotypes of what it means to be an environmentalist. They show that, by forming local coalitions around market principles, stereotypes are replaced by pragmatic solutions that improve environmental quality without necessarily increasing red tape.

In a powerful argument for free market environmentalism, Terry Anderson and Laura Huggins break down liberal and conservative stereotypes of what it means to be an environmentalist. They show that, by forming local coalitions around market principles, stereotypes are replaced by pragmatic solutions that improve environmental quality without necessarily increasing red tape.

Mention of the American West usually evokes images of rough and tumble cowboys, ranchers, and outlaws. In contrast, The Not So Wild, Wild West casts America's frontier history in a new framework that emphasizes the creation of institutions, both formal and informal, that facilitated cooperation rather than conflict. Rather than describing the frontier as a place where heroes met villains, this book argues that everyday people helped carve out legal institutions that tamed the West. The authors emphasize that ownership of resources evolves as those resources become more valuable or as establishing property rights becomes less costly. Rules evolving at the local level will be more effective because local people have a greater stake in the outcome. This theory is brought to life in the colorful history of Indians, fur trappers, buffalo hunters, cattle drovers, homesteaders, and miners. The book concludes with a chapter that takes lessons from the American frontier and applies them to our modern "frontiers"-the environment, developing countries, and space exploration.

The Technology of Property Rights combines the understanding of institutions and institutional change with a discussion of the latest technologies and their influence on the measurement and monitoring of property rights. The contributors analyze specific applications for fisheries, whales, water quality, various pollutants, as well as other pressing environmental issues. No other work brings together an economic understanding of environmental issues with technological expertise in the way this volume does.

The authors focus on the major environmental constraints that limit U.S. food production without necessarily improving environmental quality. Each chapter documents a specific issue, discusses the regulatory response, and offers ideas for reform.

In the face of growing pressure on our natural landscapes and increasingly bitter conflict over their management and use, simply defending the status quo is not enough. Finding a balance between producing commodities, such as lumber, and maintaining amenities, such as open space, is crucial if we hope to promote environmental stewardship and healthy economies. "Accounting for Mother Nature" brings together experts with wide-ranging experience to provide a comprehensive examination of the critical debate around the management of scarce natural resources.
The contributors to this volume consider how unconstrained use of nature's bounty had lead not only to damage and waste, but also to divisive conflict. With a focus particularly on the American West, this volume examines the often-negative outcomes of government's management of land and natural resources. In turn, the contributors explore the role that private individuals and organizations can play in protecting natural and agrarian landscapes.
Through its detailed analyses, "Accounting for Mother Nature" makes the case for innovation within the private nonprofit sector and marks out new frontiers for research.

This book compares and contrasts historical and contemporary Canadian and U.S. Native American policy. The contributors include economists, political scientists, and lawyers, who, despite analyzing a number of different groups in several eras, consistently take a political economy approach to the issues. Using this framework, the authors examine the evolution of property rights, from wildlife in pre-Columbian times and the potential for using property rights to resolve contemporary fish and wildlife issues, to the importance of customs and culture to resource use decisions; the competition from states for Native American casino revenues; and the impact of sovereignty on economic development. In each case, the chapters present new data and new ways of thinking about old evidence. In addition to providing a framework for analysis and new data, this book suggests how Native American and First Nation policy might be reformed toward the end of sustainable economic development, cultural integrity, and self-determination. For these reasons, the book should be of interest to scholars, policy analysts, and students of Native American law, economics, and resource use, as well as those interested in the history of Native Americans and Canada's First Nations.

A team of expert contributors analyze the near- and long-term implications of efforts by both the Obama and Bush administrations to fix the current financial crisis. They examine a range of issues affected by the proposed reforms, including health care, ""going green,"" the Employee Free Choice Act, an openFew doubt the seriousness of the recent crisis afflicting the financial systems of the United States and the world, and still fewer claim that nothing needs to be fixed. But many of the reforms proposed by both the Bush and Obama administrations have triggered risks-risks that have direct, short-term impact but that have been seriously underexplored. In Reacting to the Spending Spree, a team of expert contributors examines the implications of these reforms and how they might affect a number of issues.Terry Anderson and Gary Libecap argue, for instance, that the administration has not been candid with the American public about the costs of the "green" initiatives or about the likelihood of their ability to improve the environment and that these initiatives are likely to encourage protectionism, reduce international trade, and hence slow the recovery of the U.S. and world economies. James Huffman asserts that the "mad flurry" of infrastructure funding has simply led to a rush for the money, with no rational system for ensuring that the stated goals are achieved. And Richard Epstein examines the two major health-care policy initiatives and claims that both are too costly, as no government can successfully devise rules to constrain demand while seeking to drive to zero the health-care costs of recipients. Kevin Hassett offers his views on upcoming tax reforms, raising the key question: Will they be a simple extension of the more-popular preexisting policies or reforms that are guided by the academic consensus? The answer, he says, will depend on our new president's economic philosophy. In addition, Charles W. Calomiris looks at bank regulatory reform, F. Scott Kieff and Henry E. Smith analyze the important but often-overlooked debate on patent reform, and Jagdish Bhagwati offers his views on the challenges of embracing an open world economy. Ultimately, Reacting to the Spending Spree shows that it is important for the government to very soon pick one set of institutions, boldly similar or different from those our society has long used, and then stick to whatever it selects-for the costs of the vast uncertainties caused by ongoing change outweigh whatever benefits may come from tinkering further. Terry Anderson is the John and Jean De Nault Senior Fellow at the Hoover Institution and the executive director of PERC-the Property and Environment Research Center-a think tank in Bozeman, Montana, that focuses on market solutions to environmental problems. Contributors: Jagdish Bhagwati, Charles W. Calomiris, Richard A. Epstein, Stephen H. Haber, Kevin Hassett, James Huffman, F. Scott Kieff, Gary D. Libecap, and Henry E. Smith world economy, and more.

To the doomsayers who maintain that natural resources are being depleted and the environment is getting worse, Terry Anderson and his fellow contributors offer a bold retort: it's getting better all the time. They present a powerful argument that, through such established institutions as property rights, the rules of law, and limited government, economic growth and environmental quality will both flourish.You Have to Admit It's Getting Better shows how, by focusing our energies on developing and protecting the institutions of freedom, rather than on regulating human use of natural resources through political processes, we can in fact have our environmental cake and eat it, too. The book offers a number of often-surprising revelations that debunk many commonly held beliefs about the future of our environment. It shows, for example, how liberalization of international trade is more likely to improve environmental quality than reduce it. It also explains how the prosperity and improved human well-being that we enjoy today are not leaving future generations worse off, but leaving them with more capital and larger stocks of natural resources. Throughout the book, the authors repeatedly show that economic growth is not the antithesis of environmental quality: rather, the two go hand in hand if the incentives are right.

The institution of property is as old as mankind, and property rights are today deemed vital to a prosperous economic system. Much has been written in the last decade on the economics of the legal institutions protecting such rights. This unprecedented book provides a magnificent introduction to the subject. Terry Anderson and Fred McChesney have gathered twelve leading thinkers to explore how property rights arise, and how they bolster economic development. As the subtitle indicates, the book examines as well how controversies over valuable property rights are resolved: by agreement, by violence, or by law.

The essays begin by surveying the approaches to property taken by early political economists and move to colorful applications of property rights theory concerning the Wild West, the Amazon, endangered species, and the broadcast spectrum. These examples illustrate the process of defining and defending property rights, and demonstrate what difference property rights make. The book then considers a number of topics raised by private property rights, analytically complex topics concerning pollution externalities, government taking of property, and land use management policies such as zoning.

Overall, the book is intended as an introduction to the economics and law of property rights. It is divided into six parts, with each featuring an introduction by the editors that integrates prior chapters and material in coming chapters. In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. With chapters written by noted experts on the subject, "Property Rights " offers the first primer on the subject ever produced. In addition to the editors, the contributors are Louise De Alessi, Yoram Barzel, Harold Demsetz, Thrainn Eggertsson, Richard A. Epstein, William A. Fischel, David D. Haddock, Peter J. Hill, Gary D. Libecap, Dean Lueck, Edwin G. West, and Bruce Yandle."

Although the U.S. Congress has made progress toward fundamental change in economic and social programs. It remains gridlocked when it comes to creating needed environmental policy reform. This book shows how policymakers and opinion leader's can break that gridlock and offers specific policy recommendations that will be palatable to voters across the political spectrum.

The Politics and Economics of Park Management examines national protected area systems, in both developed and developing countries, that have made a transformation from 'fortress parks' to a sustainable use model. The contributors park management, academics, and members of nongovenmental organizations contend that successful institutional change in protected area systems involves not only the adoption of appropriate legal and regulatory regimes covering sustainable use, but also the development of an informal culture of sustainable resource use among all of a park's stakeholders. While this latter requirement is often difficult to achieve, the contributors show how these informal attitudes may evolve over time, both within the management structure of a park agency and the community of resource users. The case studies cited represent examples of successful institutional change, demonstrating both financial and conservation benefits to protected area agencies, that should serve as model for managing parks today.

In Political Environmentalism, Terry Anderson and his contributors show how environmental special interests have indeed provided the high moral ground for economic special interests who stand to gain from legislation that hampers competition. The book documents a range of examples of how politics and environmentalism mix to produce strange bedfellows and perverse results. It shows for instance, how clean air and water legislation based on technology standards actually results in dirtier air and higher costs to consumers. It tells how wilderness designations and Superfund sites are usually determined more by economic interests than by any other factor. And it reveals how the Endangered Species Act puts property up for grabs in the political arena-doing little to save species but consuming considerable resources in the process.

Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. This book compares standard approaches to these problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and air and is compared to governmental solutions. The book concludes by discussing tougher environmental problems such as ocean fisheries and the global atmosphere, emphasizing that neither governmental nor market solutions are a panacea.