Böcker av Gary D. Libecap

The legacy of Owens Valley raises concerns about reallocation. Although it occurred more than 70 years ago, the water transfer from Owens Valley to Los Angeles still plays an important role in public perceptions of water markets. This work considers alternative approaches to the Owens Valley transfer that might have yielded better results.

Using transaction cost analysis and public choice theory, this book explores the growth of the federal bureaucracy and the political and economic obstacles to reforming it. It examines the political and economic forces that have shaped the civil service from the Pendleton Act of 1883 to today.