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Transaction costs of alternative greenhouse gas policies in the Australian transport energy sector

Ofei-Mensah, Albert; Bennett, Jeffrey

Description

This study employs a comparative analysis of the transaction costs of alternative policy instruments. The institutional approach to the allocation of resources is emerging to supplement traditional analyses of market and government failures. The causes of these failures are many, but often point to high transaction costs that result largely from institutional impediments. Effective institutions can help reduce transaction costs through more effective signals and incentives, including...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
URI: http://hdl.handle.net/1885/33563
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2012.12.009

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