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Coase Rules OK? Exploring Prospects for Private Sector Environmental Protection

Bennett, Jeffrey

Description

Environmental policy in Australia, and internationally, has been characterised by taxes, subsidies, regulations and direct state provision. These Pigouvian-inspired measures have paid little attention to the institutional drivers (Coasian rules) that underpin environmental issues. A re-orientation towards environmental protection initiatives driven by institutions that are endogenous to society offers the potential to lower transaction costs and release exchange efficiency improvements of the...[Show more]

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
URI: http://hdl.handle.net/1885/64776
Source: The Economic Record
DOI: 10.1111/j.1475-4932.2011.00783.x

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