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Institution, Transaction Costs and Environmental Policy: Institutional Reform for Water Resources

Series: New Horizons in Environmental Economics

By: Ray Challen

Edward Elgar

Hardback | Feb 2000 | #107274 | ISBN: 1840642505
Availability: Usually dispatched within 6 days Details
NHBS Price: £80.00 $100/€92 approx

About this book

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 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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