environment

Ecosytem protection from the bottom up

Why is ecosystem protection top-down when fisheries conservation successes have been bottom-up? This question, posed by University of California Santa Barbara economist Gary Libecap to attendees at a Law and Economics Association event last week, stuck with Eric Crampton.

Professor Gary Libecap is something of a god in economics. In a prior life, I would tell my undergraduate students about the pantheon of the Econ Gods. Libecap’s work in environmental e

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