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Open Access and Environmental Externalities

Description

All environmental problems and most natural resource problems are really problems of open access. In this video , Gary Libecap, Distinguished Professor at the University of California, Santa Barbara, summarizes the problems of open access, and explains why traditional solutions, such as regulation or taxation, do not always work effectively.

References

Pigou, A. C. (1920). The Economics of Welfare. London: Macmillan.

Gary Libecap, Distinguished Professor, Bren School of Environmental Science and Management and Economics Department, University of California, Santa Barbara

Gary is Professor of Corporate Environmental Management and Economics at the University of California, Santa Barbara (UCSB). His research focuses on the legal, economic, and policy aspects of freshwater allocation and wild ocean fisheries management. (read more ...)