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Is it feasible to use the legal system and the assignment of property rights to deal with the issue? How might the assignment of property rights affect transactions costs and the efficiency of the outcome?

The chosen environmental issue is up to the student. Examples of topics examined in the past:

Houston area air, water, or land pollution problems
Mitigating harmful environmental effects of invasive species
Managing fisheries by using individual tradable quota
The Texas rigs to reefs program
The BP oil platform explosion
Use of water in a Texas river
Flint water crisis
The costs and benefits of a major project, such as the Three Gorges dam in China
World Bank development programs and the environment
Deforestation in developing countries
Environmental implications of biofuels
Resolving conflicts over public land use
Maintaining biodiversity as a conservation goal
Using contingent valuation to aid in decision making on the environment
Common law remedies for externalities
Ecotourism
Measuring the health effects of air and water pollutants
Suggested approach

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