Many analysts suggest that the Endangered Species Act's restrictions on property rights discourage conservation by encouraging landowners to "shoot, shovel and shut up" if they discover an endangered specie's presence on their land. To overcome that perverse incentive, the Bush administration is...

Water quality markets: institutional design and performance -- Market-like water quality trading: why it matters and how to make it happen -- Buying water for the environment -- Auctions of water rights -- The economic effects of using property taxes in lieu of direct user fees to pay for water...