Markets and mandates are alternative ways of addressing environmental problems. This session contrasts these alternatives first from the perspective of neoclassical economics and then through the economic lens of public choice and property rights. It also examines the morality of markets and mandates, a topic rarely examined by neoclassical economists.
Moderator: Dominic Parker, Hoover Institution
Panelists:
– Gary Libecap, UCSB
– Peter J. Hill, Property and Environment Research Center
ABOUT THE EVENT
On May 13, 2025, the Hoover Institution held its third annual one-day conference Markets vs. Mandates: Promoting Environmental Quality and Economic Prosperity. As in previous years, the conference fosters discussion and debate on how markets and regulatory frameworks best govern environmental concerns while also promoting economic growth and safeguarding individual freedom. This year’s conference focused on “Policy Considerations for the New Administration.” Academic experts joined practitioners to cover a range of topics including climate adaptation, tribal energy sovereignty, public lands, and barriers to decarbonization.
Learn more about Markets vs. Mandates: https://www.hoover.org/research-teams/markets-vs-mandates
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© 2025 by the Board of Trustees of Leland Stanford Junior University.
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