Institutions, Transaction Costs, and Environmental Policy

Institutions, Transaction Costs, and Environmental Policy
Author :
Publisher : Edward Elgar Publishing
Total Pages : 262
Release :
ISBN-10 : 1781956421
ISBN-13 : 9781781956427
Rating : 4/5 (21 Downloads)

Book Synopsis Institutions, Transaction Costs, and Environmental Policy by : Ray Challen

Download or read book Institutions, Transaction Costs, and Environmental Policy written by Ray Challen and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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.


Institutions, Transaction Costs, and Environmental Policy Related Books

Institutions, Transaction Costs, and Environmental Policy
Language: en
Pages: 262
Authors: Ray Challen
Categories: Business & Economics
Type: BOOK - Published: 2000-01-01 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

'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
Transaction Costs, Institutions, and Economic Performance
Language: en
Pages: 32
Authors: Douglass Cecil North
Categories: Economic development
Type: BOOK - Published: 1992 - Publisher: Ics Press

DOWNLOAD EBOOK

The Making of Economic Policy
Language: en
Pages: 220
Authors: Avinash K. Dixit
Categories: Business & Economics
Type: BOOK - Published: 1998-09-01 - Publisher: MIT Press

DOWNLOAD EBOOK

The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that t
Economic Foundations of Strategy
Language: en
Pages: 273
Authors: Joseph T. Mahoney
Categories: Business & Economics
Type: BOOK - Published: 2005 - Publisher: SAGE

DOWNLOAD EBOOK

The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how or
Pricing Nature
Language: en
Pages: 361
Authors: Nick Hanley
Categories: Business & Economics
Type: BOOK - Published: 2009-01-01 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

An impressive piece of work that deserves to be on every European agricultural economist s bookshelf. Jean-Christophe Bureau, European Review of Agricultural Ec