Keyword: private property
Right Makes Might (2/27/2001)
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
Keywords: aluminum, Aurora, cheap electricity, northwest, power shortage, private property, property rights, resale, right to transfer, Rocky Ford Ditch, water rights, windfall gain
The Right to Pollute? (10/20/1999)
Pollution credits convert the atmosphere from a commons into private property. They can reduce pollution if the pollution cap is lower than the unrestricted total and lower the costs of reducing pollution if credits can be sold from low-cost avoiders and high-cost avoiders.
Keywords: allowances, Clean Air Act, commons, emissions, Environmental Protection Agency, EPA, greenhouse gases, nitrogen oxide, pollution, pollution credits, private property, quotas, sulfur dioxide, trading, utilities.
The Tragedy of the Popsicle Commons (2/15/2001)
Over-exploitation of commons resources could be avoided if the rights to commonly owned resources are assigned to individual owners.
Keywords: common property, common-pool resources, fishery depletion, Popsicles, private property, privatizing, tragedy of the commons