Externalities and environmental-related transactions: the two faces of the same coin?

L'externalité et la transaction environnementale: les deux faces de la même pièce ?

Gilles Grolleau () and Salima Salhi
Additional contact information
Salima Salhi: Centre de Recherche en Economie Appliquée pour le Développement - Partenaires INRAE

Post-Print from HAL

Abstract: The externality concept has generated fruitful advances in environmental economics but can be usefully completed by the environmental-related transaction. This innovative perspective emphasizes the causes explaining the level of transaction costs and the strategies used to make this level compatible with Coasean solutions. We characterize environmental-related transactions. We explore several reasons susceptible to explain why the Coase 1960 article has not benefited from an operationalization /à la /Williamson and show that extending transaction costs economics to environmental related transactions constitutes a promising challenge, especially to guide the choice of regulatory instruments.

Keywords: THÉORIE; DES; COUT; DE; TRANSACTION (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Published in Économie rurale, 2009, 311, pp.4-18

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02654521

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().