AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Evolution of Property Rights
"It took creativity to figure out how to conceptually take what we did on land and apply it to water," he says. "The empirical literature shows when you do this, it works ... It's not dependent on being on countries being wealthy like the U.S." The problem is there are a lot of contexts in which we, through regulation, other things don't allow that evolution to take place," he adds.