Public policy often regards pollution and other measures of poor environmental quality as public bads that result from market failure and require government intervention through regulatory policies and more stringent environmental standards. In this article, I argue that pollution and...

In Sweden, Gustav Cassel, probably the most famous political economist in the world in the years immediately after World War I, was the most outspoken economist to emphasize the importance of secure property rights. He vigorously defended the importance of private property rights for economic...

Local number portability (LNP) is a key factor in the promotion of local call competition in telecommunications. By allowing a consumer to retain their number when moving between local telephone providers, LNP reduces customers' switching costs and makes it easier for new providers to compete...

This Article considers the future interaction of environmental regulation and private property rights, with an emphasis on climate change issues. It concludes that environmental issues not satisfactorily resolved at the federal level will lead to more state and local regulation that impinges on...

In this paper we review the most significant empirical literature on the causal effects of land property rights. The literature indicates that secure property rights boost investment in both rural and urban areas. These effects, however, do not appear to be the result of improved credit...

We study how the sequence of financing of R&D varies according to the ease with which property rights over knowledge can be defined. There are two financiers: a venture capitalist (VC) and a corporation. The knowledge acquired in costly research becomes embodied in the researcher's human...

A growing body of literature suggests that political factors are one of the major causes of environmental damage in developing countries endowed with a relative abundance of renewable resources. This has prompted calls for the use of trade sanctions to encourage sustainable resource management...

Like most wild living resources, fish present a complex management challenge. Given the failure of command and control regulatory regimes to protect fisheries, scholars and practitioners have advocated the use of property rights to rectify the fisheries crisis. This meta analysis argues that...