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Author: Ray Challen Publisher: Edward Elgar Publishing ISBN: 9781781956427 Category : Business & Economics Languages : en Pages : 262
Book Description
'This is an excellent piece of work, applying the economic theory of property rights and transaction costs to the complex policy problems associated with water use in irrigation. Challen examines the determination of transaction costs and the way they interact with a realistic specification of property rights. He thereby avoids the two main defects found in much work in this area: first, the use of a simplistic division of property rights schemes, for example one based on polar categories of private property and common property, defined to mean open access, and second, a tendency to use the category of transaction costs as an unexamined "black box".' - John Quiggin, James Cook University, Australia 'A most encouraging trend in economics concerns the careful and non-teleological study of institutions. From an era in which institutions were completely ignored, through an era in which it was thought that institutions were mere constraints on otherwise beneficent behavior in markets, through an era in which it was thought that the purpose of institutions was to promote economic efficiency, we now seem to be firmly in an era in which it is understood that institutions are the very bedrock of economic and social interaction. The analysis of institutions will fall into incoherence if we insist on seeing them as teleological rather than as instrumental. Once there, we must still understand the purposes that different individuals and collectivities ascribe to particular institutional set ups. In this careful book Ray Challen offers clear conceptual guidance to the study of economic institutions. He also shows us how one can undertake the analysis of institutional choice. The problem setting is water resources in eastern Australia. The lessons are profoundly international, and the approach is refreshingly promising.' - Daniel W. Bromley, University of Wisconsin-Madison, US Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative application to the allocation of water resources.
Author: Ray Challen Publisher: Edward Elgar Publishing ISBN: 9781781956427 Category : Business & Economics Languages : en Pages : 262
Book Description
'This is an excellent piece of work, applying the economic theory of property rights and transaction costs to the complex policy problems associated with water use in irrigation. Challen examines the determination of transaction costs and the way they interact with a realistic specification of property rights. He thereby avoids the two main defects found in much work in this area: first, the use of a simplistic division of property rights schemes, for example one based on polar categories of private property and common property, defined to mean open access, and second, a tendency to use the category of transaction costs as an unexamined "black box".' - John Quiggin, James Cook University, Australia 'A most encouraging trend in economics concerns the careful and non-teleological study of institutions. From an era in which institutions were completely ignored, through an era in which it was thought that institutions were mere constraints on otherwise beneficent behavior in markets, through an era in which it was thought that the purpose of institutions was to promote economic efficiency, we now seem to be firmly in an era in which it is understood that institutions are the very bedrock of economic and social interaction. The analysis of institutions will fall into incoherence if we insist on seeing them as teleological rather than as instrumental. Once there, we must still understand the purposes that different individuals and collectivities ascribe to particular institutional set ups. In this careful book Ray Challen offers clear conceptual guidance to the study of economic institutions. He also shows us how one can undertake the analysis of institutional choice. The problem setting is water resources in eastern Australia. The lessons are profoundly international, and the approach is refreshingly promising.' - Daniel W. Bromley, University of Wisconsin-Madison, US Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative application to the allocation of water resources.
Author: Naomi Zeitouni Publisher: Routledge ISBN: 135189093X Category : Nature Languages : en Pages : 620
Book Description
This volume brings together a number of prominent economic studies all of which deal with key water quality issues. The studies focus on the economic aspects of water quality including identifying the polluters' actions and incentives, designing and comparing control mechanisms, analyzing the costs and benefits of water quality programmes, and finally managing transboundary water quality. They all make recommendations for improving water quality through changing incentives, programmes and/or policies.
Author: R. Maria Saleth Publisher: World Bank Publications ISBN: 9780821356562 Category : Nature Languages : en Pages : 418
Book Description
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
Author: Graham Marshall Publisher: Routledge ISBN: 1136567771 Category : Business & Economics Languages : en Pages : 184
Book Description
'Marshall has re-grafted economics to the philosophical roots of collaborative environmental management, given stakeholders a pragmatic economics for 'bottom-up' conflict resolution and eliminated the need for 'top-down' economic experts. Beautifully reasoned and wonderfully practical!' RICHARD B. NORGAARD, ENERGY AND RESOURCES PROGRAM, UNIVERSITY OF CALIFORNIA, BERKELEY, US 'If the potential of collaborative management is ever realized, it will owe a debt to this book. It provides a foundational economic theory of learning coming from complex adaptive systems thinking tested with field experience' ALLAN SCHMID, UNIVERSITY DISTINGUISHED PROFESSOR, AGRICULTURAL ECONOMICS DEPARTMENT, MICHIGAN STATE UNIVERSITY, US 'Marshall argues that mainstream economics, captive as it is of the prisoner's dilemma and the dangers of free-riding, is in a blind alley when it comes to contributing to constructive debate on governance of the commons. This is a significant book, which draws on the new institutional economics to indicate a productive way in which economists could contribute to thinking on common property natural resource management' WARREN MUSGRAVE, EMERITUS PROFESSOR OF AGRICULTURAL AND RESOURCE ECONOMICS, UNIVERSITY OF NEW ENGLAND, AUSTRALIA 'Economic thought and emerging collaborative environmental governance are important areas of thought and application, but are mostly found at great distance from each other and very often in conflict. Marshall not only clearly demonstrates why this is so, he goes on to detail an alternative pathway that can strengthen both of these fields in both their theory and practice. This is a most impressive feat, and this is a book thoroughly deserving a very wide readership' STEPHEN DOVERS, SENIOR FELLOW, AUSTRALIAN NATIONAL UNIVERSITY 'A valuable contribution to the burgeoning literature on voluntary collective action that demonstrates how processes can be designed to produce trust amongst stakeholders. Marshall anchors theory in the common property resource governance literature that has challenged orthodox economics for the last 25 years and offers the prospect of productive relationships between users, bureaucrats and funders' MARK SPROULE-JONES, V. K. COPPS PROFESSOR, MCMASTER UNIVERSITY, CANADA Mainstream economics has a tight grip on public discourse, yet remains poorly equipped to comprehend the collaborative vision for managing environmental and resource commons. This ground-breaking book diagnoses the weaknesses of mainstream economics in analysing collaborative and other decentralized approaches to environmental management, and presents a unique operational approach to how collaborative environmental governance might be brought to fruition in a variety of contexts, whether in industrialized or developing countries. The result is a powerful, useful and badly needed approach to economics for collaborative environmental management of the commons.
Author: Ray Challen
Author: Ray Challen
Author: Naomi Zeitouni
Author: R. Maria Saleth
Author: Dale Buford Thompson
Author: Laura Mary Joy McCann
Author: Laura Mary Joy McCann
Author: 
Author: Graham Marshall
Author: Douglass Cecil North
Author: Lin Crase