The 'Make or Buy' Decision in Private Environmental Transactions

Douadia Bougherara, Gilles Grolleau () and Naoufel Mzoughi

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Abstract: A theoretical framework combining the two branches of TCE, i.e., the governance branch (Williamson, 2005) and the measurement branch (Barzel, 2005) may explain the choice of the governance structure for private environmental transactions. Four case studies, i.e., the market for pure air in polluted cities, the contractual arrangement between La Esperanza and the Monteverde Conservation League, the case of the French mineral water bottler Vittel and the case of land ownership by land trusts are briefly developed in order to support the theoretical framework. Special attention is devoted to the presence (or not) of a 3-D (defined, defended and divestible) property rights system and its influence on the way environmental property rights are likely (or not) to be re-arranged. Lessons and policy implications are drawn in order to foster research on these challenging issues.

Keywords: DROIT DE PROPRIETE; TRANSACTION ENVIRONNEMENTALE; COUT DE TRANSACTION ECONOMIQUE; PROPERTY RIGHT; ENVIRONMENTAL TRANSACTION; MEASUREMENT; TRANSACTION COST ECONOMICS (search for similar items in EconPapers)
Date: 2009
Note: View the original document on HAL open archive server: https://hal.science/hal-01462346v1
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Citations: View citations in EconPapers (1)

Published in European Journal of Law and Economics, 2009, 27 (1), pp.79-99. ⟨10.1007/s10657-008-9080-8⟩

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Related works:
Journal Article: The ‘make or buy’ decision in private environmental transactions (2009)
Working Paper: The ‘Make or Buy’ decision in private environmental transactions (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01462346

DOI: 10.1007/s10657-008-9080-8

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