noneconomic value

More proof that economics does not run the world

The Washington Post has a fascinating story today about Maryland abandoning its reverse auction strategy to buy up small crabbing licenses. The scheme was cooked up by a bunch of economists, and apparently neither they nor state officials thought to talk to any of its targets before implementing it. According to the story, there are …

CONTINUE READING

Join Our Mailing List

Climate policy is changing rapidly. Stay in the loop with expert analysis via email Monday - Friday.

TRENDING