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Author: Anthea Jane Coggan Publisher: ISBN: Category : Environmental policy Languages : en Pages : 484
Book Description
New Institutional Economists define transaction costs as the costs to define, establish maintain and exchange property rights. This definition, one among many, enables the consideration of the cost to create, use and move between institutions (Marshall, 2013; McCann, 2013). For a policymaker, transaction costs are the cost of time and effort invested in researching the problem, creating, implementing, administering, monitoring and enforcing the policy. For an individual engaged with or affected by the policy, transaction costs are the cost of time and effort invested in learning about and interacting with the policy. Transaction costs of the policymaker have been reported to range from 1 to 110 per cent of the government payments for farm payment schemes (Rorstad et al., 2007). For the private landholder, transaction costs have been shown to be up to 15 per cent of the total cost of being involved in a policy (Mettepenningen & Van Huylenbroeck, 2009).
Author: Anthea Jane Coggan Publisher: ISBN: Category : Environmental policy Languages : en Pages : 484
Book Description
New Institutional Economists define transaction costs as the costs to define, establish maintain and exchange property rights. This definition, one among many, enables the consideration of the cost to create, use and move between institutions (Marshall, 2013; McCann, 2013). For a policymaker, transaction costs are the cost of time and effort invested in researching the problem, creating, implementing, administering, monitoring and enforcing the policy. For an individual engaged with or affected by the policy, transaction costs are the cost of time and effort invested in learning about and interacting with the policy. Transaction costs of the policymaker have been reported to range from 1 to 110 per cent of the government payments for farm payment schemes (Rorstad et al., 2007). For the private landholder, transaction costs have been shown to be up to 15 per cent of the total cost of being involved in a policy (Mettepenningen & Van Huylenbroeck, 2009).
Author: Ray Challen Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 264
Book Description
Declaring the conventional economic analysis of property rights in natural resources to be too narrow and restrictive to allow for effective comparisons between alternative institutional structures, Challen (agricultural and resource economics, U. of Western Australia) develops a conceptual framework for analyzing these structures, and illustrates them with applications to the allocation of water resources. His model analyzes the problems involved in institutional choice, taking into account constraints in institutional change imposed by history and the value of maintaining options in an uncertain future. It shifts the emphasis from assessing the benefits of particular property rights regimes in isolation to the distribution of property rights between levels of governments, communities, and individuals in an institutional hierarchy. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Horst Siebert Publisher: Springer Science & Business Media ISBN: 3662031272 Category : Business & Economics Languages : en Pages : 306
Book Description
"The labor of nature is paid, not because she does much, but because she does little. In proportion as she becomes niggardly in her gifts, she exacts a greater price for her work. Where she is munificently benefi cent, she always works gratis." David Ricardo * This book interprets nature and the environment as a scarce resource. Whereas in the past people lived in a paradise of environmental superabundance, at pre sent environmental goods and services are no longer in ample supply. The envi ronment fulfills many functions for the economy: it serves as a public-con sumption good, as a provider of natural resources, and as receptacle of waste. These different functions compete with each other. Releasing more pollutants into the environment reduces environmental quality, and a better environmen tal quality implies that the environment's use as a receptacle of waste has to be restrained. Consequently, environmental disruption and environmental use are by nature allocation problems. This is the basic message of this book.
Author: Douadia Bougherara Publisher: ISBN: Category : Languages : en Pages :
Book Description
Environmental economics has employed the seminal contribution of Ronald H. Coase (1960) intensively but has remained relatively unaffected by the contributions of perhaps his most influential follower, Oliver E. Williamson. As an initial step in addressing this oversight, we apply the analytical framework of discrete structural alternatives to the choice of policy instruments. Environmental-related transactions, which differ in their attributes, are aligned with categories of policy instruments, which differ in their cost and competence, so as to effect a discriminating - mainly transaction costs-economizing - result. Insightful strategic and policy implications are stressed.
Author: J. Gerber Publisher: Palgrave Macmillan ISBN: 9781349338252 Category : Business & Economics Languages : en Pages : 235
Book Description
The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'. Gathering contributions from some of the world's foremost heterodox economists, this book explores the new economic directions and paradigms that are required to respond to this crisis.
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: Matthew J. Kotchen Publisher: University of Chicago Press ISBN: 0226821749 Category : Business & Economics Languages : en Pages : 275
Book Description
This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.
Author: Anthea Jane Coggan
Author: Anthea Jane Coggan
Author: Gary Stoneham
Author: Ray Challen
Author: Horst Siebert
Author: Douglass Cecil North
Author: Douadia Bougherara
Author: J. Gerber
Author: Ray Challen
Author: Antonio Fernando Freitas Tavares
Author: Matthew J. Kotchen