The justification for any public policies are dissolving as technology advances. New detection and metering technologies are being developed for highways, parking, marine farming, and auto emissions, making property-rights solutions viable. Information becomes more accessible and user-friendly,...

When government intervenes in the marketplace, if often justifies the intervention as an effort to correct a "market failure" - an inability of the market to achieve potential gains from trade. Government attempts to correct market failure through regulation, taxation, and command-and-control...

Frontmatter -- Contents -- Acknowledgments -- Introduction. The Half-Life of Policy Rationales: How New Technology Affects Old Policy Issues -- 1. Technology,Marine Conservation, and Fisheries Management -- 2. The Lighthouse as a Private-Sector Collective Good -- 3. Motorway Financing and...