Terry Anderson and P.J. Hill have done it again: they have brought together a diverse group of scholars and encouraged cross fertilization between economics, history, engineering, and natural resource management. The resulting book is a fascinating exploration of the ways in which technological advances, in facilitating the definition and enforcement of property rights, can solve some of our most difficult resource problems. -- Elizabeth Brubaker, Environmental Probe Worthwhile for anyone interested in the interface between technology and property rights. Ideas On Liberty Fascinating case studies demonstrating how improvements in technology, especially recent advances in satellite imaging and computer technology, are lowering the costs of: improving water quality, enforcing catch limits in fisheries, and detecting the sources of harmful emissions. New technologies are lowering the costs of defining, defending, and exchanging property rights to environmental resources, raising their values, thereby preventing their premature exploitation. -- John McArthur, Wofford College
The Technology of Property Rights combines the understanding of institutions and institutional change with a discussion of the latest technologies and their influence on the measurement and monitoring of property rights. The contributors analyze specific applications for fisheries, whales, water quality, various pollutants, as well as other pressing environmental issues. No other work brings together an economic understanding of environmental issues with technological expertise in the way this volume does.