The Law & Economics Center, George Mason University School of Law, and PERC (the Property and Environment Research Center), Bozeman, Montana, are excited to announce the creation of a LEC-PERC Joint Program on Economics, Law, and the Environment. Building on the LEC’s tradition of bringing rigorous economic analysis to the law and on PERC’s tradition of doing the same for environmental policy, this Joint Program will combine the best of both centers by integrating economics, law, and the environment.
The mission of the Joint Program is to train professors of environmental law and related fields in the potential for better understanding environmental policy through the lenses of property rights and political economy. Initially the Joint Program on Economics, Law, and the Environment will conduct two annual events, one “LEC-PERC Workshop on Environmental Economics for Law Professors” and the other “Research Roundtable on Applications of Economics to Environmental Law and Policy.”
Six to eight economics and law professors will be commissioned to write papers for the “Research Roundtable on Applications of Economics to Environmental Law and Policy.” These papers will be focused on a topic of mutual interest to authors and discussants with a goal of encouraging publishable research applicable to the Joint Program’s mission. The first of these roundtables will focus on “Environmental Federalism” and will be held on October 17-20, 2013, at Case Western Reserve University.
The “LEC-PERC Workshop on Environmental Economics for Law Professors” intends to expose professors who teach natural resource and environmental law to the importance of property rights, transaction costs, and markets for solving environmental problems. The workshop begins with some initial theoretical insights regarding the potential for environmental markets and build to specific applications to land, forests, wildlife, minerals, water, air, and ecosystem services, to mention a few. The first of these was held on October 2-6, 2013 in Big Sky, Montana. The second workshop is scheduled for December 6 - 10 in Duck Key, Florida.