Policy Mix for Environmental Protection. A Transaction Cost Approach

22 Pages Posted: 5 Mar 2000

See all articles by Beat Buergenmeier

Beat Buergenmeier

University of Geneva - Faculty of Economic and Social Sciences

Date Written: May 1999

Abstract

This paper uses a transaction cost approach in order to classify the different policy options that are currently discussed in relation to the Kyoto protocol. It analyses the market as only one of the possible collective decision making processes, which are available to operationalize the concept of sustainable development. The firm, the third sector, the government, the market are analysed as collective decision making processes. They are socially constructed in the sense that they are institutions, which are subject to change. Compared to initial and already existing institutions, the policy options for environmental protection are evaluated in the light of the associated transaction costs. The paper concludes with the recommendation for new institutional arrangements minimising transaction costs at both the national and international level.

JEL Classification: D23, Q20, Q28, Q38

Suggested Citation

Burgenmeier, Beat, Policy Mix for Environmental Protection. A Transaction Cost Approach (May 1999). Available at SSRN: https://ssrn.com/abstract=200576 or http://dx.doi.org/10.2139/ssrn.200576

Beat Burgenmeier (Contact Author)

University of Geneva - Faculty of Economic and Social Sciences ( email )

40, data base of the Bridge of Arve
Geneva, CH-1211
Switzerland

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