Institutions, Transaction Costs and Environmental Policy: Institutional Reform for Water Resources (New Horizons in Environmental Economics Series)
By: Ray Challen (author)Hardback
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Conventional economic analysis of property rights in natural resources is too restrictive for effective comparisons between alternative institutional structures. This work develops a conceptual framework for the analysis of these structures with application to the allocation of water resources.
Institutions and use of natural resources; institutions of water use for irrigation in the Murray-Darling Basin; static transaction costs in allocation of water resources; transaction costs and institutional change; dynamic transaction costs and option values in institutional change; policy analysis for institutional change.
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- ID: 9781840642506
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