Bøker av Gary D. Libecap

The legacy of Owens Valley raises concerns about reallocation. Although it occurred more than 70 years ago, the water transfer from Owens Valley to Los Angeles still plays an important role in public perceptions of water markets. This work considers alternative approaches to the Owens Valley transfer that might have yielded better results.

Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. This book compares standard approaches to these problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and air and is compared to governmental solutions. The book concludes by discussing tougher environmental problems such as ocean fisheries and the global atmosphere, emphasizing that neither governmental nor market solutions are a panacea.

Using transaction cost analysis and public choice theory, this book explores the growth of the federal bureaucracy and the political and economic obstacles to reforming it. It examines the political and economic forces that have shaped the civil service from the Pendleton Act of 1883 to today.