Mon Dec 16 2013

Wally Thurman talks with host Russ Roberts about the world of bees, beekeepers, and the pollination market. He describes how farmers hire beekeepers to pollinate their crops, honey production, and the response to Colony Collapse Disorder--a not fully understood phenomenon where colonies disband, dramatically reducing the number of bees. The discussion closes with the history of bee pollination as an example of a reciprocal externality and how Coase's insight helps understand how the pollination market works.