Review of On the Great Plains: Agriculture and Environment by Geoff Cunfer (2005)
Geoff Cunfer has written an important book about the interaction between humans and nature in the Great Plains between 1870 and the end of the twentieth century. It will be useful to those involved...
We examine Harold Demsetz’s (1967) prediction that property rights will emerge and be refined once the benefits of doing so exceed the costs. We follow the development of property rights to oil and...
We examine government cartelization efforts in crude oil production. Texas and Saudi Arabia are alleged to act as swing producers to maintain the interstate (1933-1972) and OPEC (1973 on) oil cartels...
2006 PRESIDENTIAL ADDRESS WATER MARKETS IN THE WEST: PRICES, TRADING, AND CONTRACTUAL FORMS
JEDIDIAH BREWER, ROBERT GLENNON, ALAN KER, GARY LIBECAP
"Rising urban and environmental demand for water has created growing pressure to reallocate water from traditional agricultural uses. The evolution of water markets has been more complicated than...
An Experimental Investigation of the Incentives to Form Agricultural Marketing Pools
Elizabeth Hoffman, Gary Libecap, Jason M. Shachat
This paper presents theoretical extensions and laboratory tests of the Hoffman and Libecap (1994) model of individual firm incentives to form agricultural marketing pools. The key incentives are...
Rights-based institutions have been adopted for certain natural resources in order to more effectively mitigate the losses of the common pool. Past central government (command and control) regulation...
The Costs of the Public Trust Doctrine in Environmental Protection and Natural Resource Conservation
We examine the costs of the public trust doctrine in environmental and natural resource protection and conservation. We provide a model of litigation and settlement among disputing parties where the...
Water Markets in the West: Prices, Trading, and Contractual Forms
Jedidiah Brewer, Robert Glennon, Alan Ker, Gary Libecap
Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than...
Positioning fisheries in a changing world
Grafton, R. Quentin, Hilborn, Ray, Ridgeway, Lori, Squires, Dale, Williams, Meryl, Garcia, Serge, ...
Marine capture fisheries face major and complex challenges: habitat degradation, poor economic returns, social hardships from depleted stocks, illegal fishing, and climate change, among others. The...