The purpose of this book is to present a body of work that explores how discussion of environmental policy increasingly requires scholars and practitioners to integrate legaleconomic analysis of property rights issues. The idea for this book came out of the 1998 Spring Speaker Series on Environmental Law and Policy at Michigan State University (MSU). This externally-funded series enabled an organizing committee of MSU professors to invite national and international experts to the MSU campus to discuss a wide variety of environmental issues each relating to property rights, environmental law, economics, and policy. The 1998 series, entitled Property Rights, Law, and Economics, brought Daniel Bromley, Tom Daniels, Bonnie McCay, Alan Randall, and Tom Tietenberg to MSU to share their ideas about the interplay of law, economics, and environmental policy as they relate to issues of property rights. These speakers’ visions, ideas, and the questions raised during their seminars suggested the need for a book that would integrate legal, economic, and environmental policy analysis to help advance a more interdisciplinary approach to understanding and addressing property-based environmental problems.