When We Should Not Meet in the Middle
Posted in Property Rights on Oct 1st, 2007
Andy Morriss, a law professor at the University of Illinois, sent a letter to the Financial Times yesterday in response to an article about over-fishing by EU nations. He speaks eloquently on the commons-problem, and how proper assignments of property rights can overcome the tradegy of overfishing and resource depletion.
However, he uses the individualized tradable [...]
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