When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

Climate change and climate change policy raise important issues of intergenerational and international justice. Intergenerational justice requires that CO2 emissions be halted by the middle of this century or shortly thereafter. But since human development requires energy, the elimination of...

When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...