GARY D. LIBECAP is Donald Bren Distinguished Professor of Corporate Environmental Management, Bren School of Environmental Science and Management and Department of Economics, University of California, Santa Barbara. He also is a Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts and a Research Fellow, Hoover Institution. He received his M.A. and Ph.D. from the University of Pennsylvania and B.A. from the University of Montana. He previously taught economics and law at the University of Arizona. He has authored or co authored five books, edits the series Advances in the Study of Entrepreneurship, Innovation, and Economic Growth; and has written more than 50 journal articles on property rights, natural resources, environmental and other issues. His research has been funded by the National Science Foundation and Seagrant. He primarily is interested in property rights institutions—how they emerge, when they emerge, their structure, and how they affect resource use. He currently is working on issues of water rights and allocation; fishery ITQ allocation; and the efficiency advantages of the rectangular survey of property boundaries as compared to use of metes and bounds. He and his wife Ann have two children, Sarah and Christopher (Cap).